May 19 (SeeNews) - Bulgarian metal products manufacturer Comsig said that it is seeking the approval of the holders of its 1 million levs ($560,000/511,000 euro) bond issue to extend its maturity by four years to June 2024.
If the proposal is approved, bondholders will be due an annual coupon of 4% for the four-year period, Comsig said in an invitation for the bondholders meeting on Monday.
The bond's principal will be paid in full of the issue's due date.
Bondholders will vote on the proposal at a meeting scheduled for June 4.
Comsig is a wholly-owned unit of local EL EM Impeks, which in turn is fully owned by local businessman Hristo Kovachki, who also controls a number of companies in the energy sector.
(1 euro = 1.95583 levs)