Bulgaria’s BACB issues 15 mln euro bond

The ordinary, unsecured, freely transferable bonds carry a fixed annual coupon of 8% and will mature on June 3, 2034, the lender said in a stock exchange filing. The principal will be paid back fully at maturity.

BACB will take all the necessary steps to admit the issue to trading on the Vienna Stock Exchange, it said.

The company has another bond issue [BUL:BAMB] with an outstanding principal of 15 million euro, which will mature in 2029, Sofia bourse data show.

Shares in BACB last traded on Monday when they closed at 13.30 levs ($7.37/6.80 euro) on the BaSE market of the Bulgarian Stock Exchange.

($ = 0.9223 euro)