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Bulgaria's Holding Sveta Sofia plans 10.2 mln euro bond issue

Author Mario Tanev
Bulgaria's Holding Sveta Sofia plans 10.2 mln euro bond issue wrangler/Shutterstock.com

SOFIA (Bulgaria), November 8 (SeeNews) - Bulgarian diversified group Holding Sveta Sofia [BUL:4HS] said on Friday that it will seek to place an eight-year 20 million levs ($11.3 million/10.2 million euro) bond issue.

Holding Sveta Sofia intends to use the funds to diversify its portfolio, restructure outstanding obligations and finance the activities of its units, the company said in a statement.

The bonds will carry an annual coupon of 5% with payments due twice per year.

The issue comprises 20,000 bonds with a nominal value of 1,000 levs each.

(1 euro = 1.95583 levs)

 

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