You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's ITF Group planning to issue 2.6 mln euro bond

Author Mario Tanev
Bulgaria's ITF Group planning to issue 2.6 mln euro bond tanatat/Shutterstock.com

SOFIA (Bulgaria), October 17 (SeeNews) - Bulgarian financial services company ITF Group said that it will seek to place a seven-year 5 million levs ($2.8 million/2.6 million euro) bond issue.

The issue, comprising 5,000 bonds with a nominal value of 1,000 levs each, will carry a fixed annual coupon of 10%, ITF Group said in a statement earlier this week.

ITF Group shareholders will vote on the proposal at a general meeting scheduled for November 11.

The company booked revenue of 4.9 million levs in 2018 and posted a net profit of 411,000 levs.

(1 euro = 1.95583 levs)

Compare