March 29 (SeeNews) - Industrial Holding Bulgaria (IHB) [BUL:4ID] said on Thursday it will make the last interest payment and redeem the remaining principal of its 50 million levs ($31.5 million/25.6 million euro) convertible bond issue on April 10.
Only bondholders, who have not exercised their right to convert their bonds into shares, are eligible for the principal payment, IHB said in a statement.
On Tuesday, IHB said it has increased its capital by 30 million levs to 107.4 million levs via conversion of 300,000 bonds with a nominal value of 100 levs each.
Seven bondholders had expressed their wish to convert their bonds into IHB shares, the company said at the time.
The three-year bonds, issued in April 2015, carry an annual coupon of 5% with payments due semi-annually.
(1 euro = 1.95583 levs)