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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)