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Bulgaria
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Bulgaria's Finance Direct extends bond's term, raises coupon rate

Mar 26, 2024, 4:48:14 PMArticle by Mihaela Miteva
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March 26 (SeeNews) - Bulgarian financial leasing company Finance Direct [BUL:0FDE] extended by one year the term to maturity of its 1 million euro ($1.1 million) bond, to November 12, 2025, and increased the bond's coupon rate, it said on Tuesday.

Bulgaria's Finance Direct extends bond's term, raises coupon rate
Ken Teegardin/CC BY-SA 2.0

The bond's annual coupon rate was raised to 5.50% from the current 3.75% for the remaining three interest payments, due November 12, 2024, and May 12 and November 12 next year, Finance Direct said in a stock exchange filing.

The changes were given the green light at a general meeting of bondholders held on March 26.

The bond issue was placed in November 2019, bourse data show.

($ = 0.9229 euro)

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