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Bulgaria's HypoCredit repurchases 170 own bonds

Author Mario Tanev
Bulgaria's HypoCredit repurchases 170 own bonds Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), August 9 (SeeNews) - Bulgarian financial services company HypoCredit [BUL:9RTD] said that on Thursday it repurchased 170 bonds from its 6.3 million euro ($7.3 million) bond issue, due in 2021.

HypoCredit intends to cancel the bonds it has repurchased, the company said in a statement.

The bonds, issued in 2008, carry an annual coupon of 3.9% with payments due once a year.

The issue consists of 10,000 bonds with a nominal value of 630 euro each.

($ = 0.8624 euro)