March 19 (SeeNews) - Bulgarian investment company Bulfinance Investment said it has decided to privately place a nine-year floating rate bond issue worth 10 million euro ($10.9 million).
The ordinary, secured, freely transferable bonds will have a coupon 1.25% above six-month EURIBOR, but no less than 2.75% and no more than 5.5%, Bulfinance Investment said in a bourse filing on Monday.
Coupon payments will be due semi-annually.
The funds raised through the bond offering will go towards acquiring stakes in companies and other investment activities, consistent with Bulfinance Investment's business plan for optimal revenue and profit, along with repaying debts.
Bulfinance Investment has an outstanding bond issue [BUL:0BVA] worth 4 million levs ($2.2 million/2 million euro), which will mature in 2025, Bulgarian Stock Exchange data show.
($ = 0.9181 euro)