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Bulgaria's financial regulator approves Park REIT bond listing prostectus

Bulgaria's financial regulator approves Park REIT bond listing prostectus Financial Supervision Commission/All rights reserved.

SOFIA (Bulgaria), October 20 (SeeNews) - Bulgaria's financial regulator said that it approved Park REIT's [BUL:PARK] prospectus for listing a nine-year 20 million levs ($11.9 million/10.2 million euro) bond on the Bulgarian Stock Exchange.

The issue comprises 20,000 bonds with a nominal value of 1,000 euro each, the Financial Supervision Commission said in a statement on Tuesday.

The bonds have a floating rate based on the six-month Euribor plus 4.50% but not less than 3.60% yearly, the regulator also said.

The bonds will mature on June 9, 2030.

Shares in Park REIT last traded at a price of 0.6800 levs on the floor of the Sofia bourse.

(1 euro = 1.95583 levs)

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