SOFIA (Bulgaria), December 22 (SeeNews) – Bulgarian real estate investment trust (REIT) Alteron [BUL:2AL] said it plans to issue an eight-year 10 million levs ($6.1 million/5.1 million euro) bond.
The REIT will use the funds to finance acquisitions of real estate in order to diversify its portfolio, Alteron said in a statement on Thursday.
The issue will carry an annual coupon of 5.75% with payments due semi-annually, the statement reads.
(1 euro=1.95583 levs)