March 27 (SeeNews) - Bulgarian diversified group Chernomorski Holding [BUL:CHL] said it issued a nine-year bond worth 11 million euro ($11.82 million) on March 20.
The company issued 11,000 ordinary, secured, transferable, non-convertible bonds with a par value of 1,000 euro apiece, Chernomorski Holding said in a stock exchange filing on Friday.
The bond has a floating semi-annual coupon equal to the six-month EURIBOR plus 1.00%, but not lower than 2.50% and not higher than 5.00%.
The issue will mature on March 20, 2032, with principal payments made in ten semi-annual instalments, following a four-year grace period.
Chernomorski Holding said earlier this month that the funds raised from the bond would go towards financing acquisitions, restructuring the company's shareholdings and liabilities, as well as increasing its financial assets.
Shares in Chernomorski Holding last traded at 5.40 levs on the Bulgarian Stock Exchange, bourse data show.
($1 = 0.9307 euro)