August 12 (SeeNews) - Bulgaria’s Central Cooperative Bank (CCB) [BUL:4CF] said on Wednesday that it has received approval from the holders of its 13 million euro ($15.3 million) bond issue to extend the issue's maturity by 5 years to December 2028.
The coupon of the issue will be decreased to 2.75% from 3.6% per year as of December 2020, the company said in a statement.
Last year, CCB converted bonds from the issue with a total nominal value of 23 million euro into new shares.
As at 15:30 CET on Wednesday, CCB shares traded 0.5% higher at 1 lev on the Bulgarian Stock Exchange.
CCB was Bulgaria's seventh largest lender by assets at the end of June, according to central bank data.
($ = 0.8481 euro)
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