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Bulgaria
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Bulgaria’s Arteks Engineering 6.0 Mln Euro Bond Gets Regulatory Nod for Bourse Trading

Oct 22, 2008, 5:01:41 PMArticle by Velizar Velikov
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October 22 (SeeNews) - Bulgarian financial regulator said on Wednesday it has admitted for trading on the Sofia bourse a seven-year bond worth 6.0 million euro ($7.8 million) issued by construction company Arteks Engineering.

Bulgaria’s Arteks Engineering 6.0 Mln Euro Bond Gets Regulatory Nod for Bourse Trading

The company has placed 6,000 bonds with a nominal value of 1,000 euro each. The issue dated July 3 carries an annual coupon of three-month Euribor plus 3.0% but not less than 7.5%, the Financial Supervision Commission said in a statement.

Arteks Engineering officials were not immediately available to provide details.

The Sofia-based company is 99.99% owned by local businessman Plamen Mirianov.

($ = 0.7627 euro)

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