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Bulgaria's BGI Group seeks to extend term of 2 mln euro bond by 4 yrs, cut coupon

Author Mario Tanev
Bulgaria's BGI Group seeks to extend term of 2 mln euro bond by 4 yrs, cut coupon tanatat/Shutterstock.com

SOFIA (Bulgaria), September 4 (SeeNews) - Bulgarian real estate investor BGI Group [BUL:BOHB] said that it is seeking the approval of its bondholders to extend the term to maturity of its 3.962 million levs ($2.2 million/2.0 million euro) bond issue by four years to December 3, 2024.

BGI Group is also proposing to decrease the bonds' annual coupon to 4.0% from 6.0% currently, the company said in a bourse filing on Monday.

Bondholders will vote on the proposal at a meeting scheduled for September 16.

(1 euro = 1.95583 levs)

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