Bulgaria's Forucom Real Estate Fund plans to change bond coupon

If the change is approved, the issue will have a floating annual coupon rate based on six-month EURIBOR plus 1%, but not lower than 2.5% and not higher than 5%, Forucom Properties said in a stock exchange filing.

The proposal will be put to the vote at a general meeting of bondholders on March 28.

The bond was issued in March 2021 with a floating rate equal to six-month EURIBOR plus 4.5% but at least 3.25% in total. The coupon rate currently stands at 8.59%, Sofia bourse data show.

Shares in Forucom Properties Fund last traded on February 28 when they closed at 1.54 levs on the BaSE market of the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)