December 12 (SeeNews) - Bulgaria's Agroenergy Invest REIT [BUL:6A7] said on Thursday that it is seeking the approval of its shareholders to take out a ten-year 5.115 million euro ($5.69 million) loan from ProCredit Bank Bulgaria.
The loan will carry an annual interest rate of 6m EURIBOR plus 1.8 basis points, but not less than 1.8%, Agroenergy Invest REIT said in an invitation for the meeting.
Agroenergy Invest REIT shareholders will vote on the proposal on January 14, 2020.
The company's shares last traded on the Bulgarian Stock Exchange at a price of 1.01 levs apiece, translating into a market capitalisation of 28.2 million levs.
($ = 0.8983 euro)