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Bulgaria's BGI Group gets bondholders nod to extend maturity, cut coupon

Author Mario Tanev
Bulgaria's BGI Group gets bondholders nod to extend maturity, cut coupon tanatat/Shutterstock.com

SOFIA (Bulgaria), September 18 (SeeNews) - Bulgarian real estate investor BGI Group [BUL:BOHB] said on Wednesday that its bondholders have approved the company's proposal to extend the term to maturity of its 3.962 million levs ($2.2 million/2.0 million euro) bond issue by five years to December 3, 2024.

The bonds' annual coupon will be decreased to 4.0% in the additional four-year period from 6.0% currently, the company said in a bourse filing.

The proposal was approved by all bondholders present at the meeting on September 16.

(1 euro = 1.95583 levs)

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