May 30 (SeeNews) - Bulgarian diversified group Ekip-98 Holding [BUL:HEKI] said on Tuesday it has applied for admission of its 15 million levs ($8.2 million/7.7 million euro) bond to trading on the regulated market of the Bulgarian Stock Exchange.
The bond issuе will be listed under the ticker HEKB, with trading expected to start around June 15, the group said in a bourse filing.
Last week, Bulgaria’s Financial Supervision Commission (FSC) said it approved a prospectus for the admission to trading of the bond issued by Ekip-98 Holding in November, and entered the issue into the register of publicly-traded securities.
The eight-year secured, non-convertible bond, due on November 11, 2030, comprises 15,000 ordinary, freely transferable securities of 1,000 levs in par value each. The bonds have a floating semi-annual coupon based on the six-month Euribor plus 3.00%, but no less than 3.25% and no more than 6.00%.
Most of the proceeds of the bond issuance have been used in various transactions, including repayment of 5.1 million levs of existing debt and acquiring full ownership of subsidiary Retail Park Skaptopara, near Blagoevgrad in southwestern Bulgaria, for 3.25 million levs, according to the bond prospectus.
Ekip-98 Holding shares last traded on the BaSE market of the Bulgarian Stock Exchange at a price of 22.00 levs, bourse data showed.
(1 euro = 1.95583 levs)