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Bulgaria's FSC approves Bravo Property Fund REIT bond listing prospectus

Author Mario Tanev
Bulgaria's FSC approves Bravo Property Fund REIT bond listing prospectus Photo: Bravo Property Fund REIT / All rights reserved.

SOFIA (Bulgaria), August 9 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said that it has approved the prospectus of local Bravo Property Fund REIT [BUL:BPY] for listing a five-year 30 million levs ($17.5 million/15.3 million euro) bond issue on the Bulgarian Stock Exchange.

The issue consists of 30,000 bonds and carries an annual coupon of 3.25% with payments due quarterly, the financial regulator said in a statement on Thursday.

Bravo Property Fund REIT placed the bond issue earlier this year to partially finance the acquisition of an office building in Sofia for 71.4 million levs from local real estate company Office A.

The bonds are due in April 2024.

(1 euro = 1.95583 levs)

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