November 14 (SeeNews) - Bulgaria's financial regulator said that it has asked local Motobul to provide further information and documents regarding its request for approval of a prospectus for listing a bond issue on the Bulgarian Stock Exchange.
The Financial Supervision Commission did not provide further details in its statement, published on Tuesday.
Motobul placed a 3.85% 8.8 million levs ($5.1 million/4.5 million euro) bond issue in June, according to documents filed with the commercial register.
The ten-year issue consists of 8,800 bonds with a nominal value of 1,000 levs each.
Interest payments are due semi-annually.
Motobul is a wholly-owned unit of Bulgaria's Avto Union [BUL:8AVB]. Avto Union is part of financial and insurance group Eurohold Bulgaria [BUL:4EH] and consolidates Eurohold's units in the automotive sector.
(1 euro = 1.95583 levs)