Bulgaria's Elea Capital issues 12 mln euro bond

The ordinary, secured, transferable, non-convertible bonds carry a floating coupon equal to six-month EURIBOR plus 1.00%, but no less than 3.25% and no more than 5.25% annually, Elea Capital said in a stock exchange filing on Thursday. Coupon payments are due semi-annually.

The funds raised from the bond issuance will go towards acquiring and managing stakes in companies, restructuring the company's shareholdings and liabilities, increasing its financial assets and repaying debts.

Shares in Elea Capital last traded on November 22 when they closed at 26.00 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

($ = 0.9284 euro)