November 30 (SeeNews) - Bulgaria's financial regulator said that it has asked local real estate investment company Black Sea Retail Invest to provide additional information and documents regarding its prospectus for listing a secured convertible bond issue on the Bulgarian Stock Exchange.
The regulator provided no further details in its statement, published on Thursday.
Black Sea Retail Invest already tried to list the issue earlier this year, but the regulator rejected the prospectus in June.
In October last year, Black Sea Retail Invest issued 3.7 million levs ($2.3 million/1.9 million euro) worth of 5-year corporate bonds. The issue consists of 3,700 bonds with a nominal value of 1,000 levs each, data from the commercial register shows.
The issue carries an annual coupon of 4% with payments due twice per year.
(1 euro = 1.95583 levs)