March 14 (SeeNews) - Bulgarian real estate investment trust Bulland Investments [BSE:5BD] said that it is planning to issue an unsecured ten-year 10 million euro ($11.3 million) bond.
Bulland Investments REIT intends to use the bond proceeds to finance the acquisition of investment real estate properties, the company said earlier this week in an invitation for a shareholders meeting.
The bonds will carry an annual coupon of between 3.75% and 6.0%.
Bulland Investments REIT intends to list the bonds on a regulated market within six months of the placement.
The company's shareholders will vote on the proposal at a meeting scheduled for April 16.
($ = 0.8841 euro)