You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's Finance Direct places 2 mln euro bond issue

Author Mario Tanev
Bulgaria's Finance Direct places 2 mln euro bond issue Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), November 13 (SeeNews) - Bulgarian financial leasing Finance Direct [BUL:0FDB] said on Wednesday that it has placed a five-year 2 million euro ($2.2 million) bond issue on November 12.

The issue, comprising 2,000 bonds with a nominal value of 1,000 euro each, carries a fixed annual coupon of 3.75% with payments due semi-annually, Finance Direct said in a statement.

Finance Direct will list the bonds on the Bulgarian Stock Exchange within one year of their issuance.

Finance Direct currently has two outstanding bond issues with a nominal value of 750,000 euro and 1.3 million euro, due in 2021 and 2023, respectively.

($ = 0.9122 euro)

Compare