May 12 (SeeNews) - Bulgarian casino operator Astera I [BUL:7A3S] said that it is seeking the approval of the holders of its 4 million euro ($4.3 million) bond issue to extend its maturity by two years to September 2025.
The bond's principal will be repaid in five equal annual installments of 950,000 euro starting from December 2021, Azalia I said in a bourse filing.
The issue comprises 5,000 bonds and carries an annual coupon of 4.5%. The bonds were placed in 2011.
Astera I is a wholly-owned unit of hotel operator Sv. Sv. Konstantin i Elena Holding [BUL:3NJ], which in turn is part of diversified group Holding Varna [BUL:5V2].
Earlier this month, another wholly-owned unit of Sv. Sv. Konstantin i Elena Holding - Azalia I, extended the maturity of its 4.75 million euro bond issue by two years to December 2025.
($ = 0.9245 euro)