September 15 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said that it has approved the prospectus for the listing of a 40 million levs ($21.8 million/20.45 million euro) nine-year bond on the Bulgarian Stock Exchange by local commercial real estate company KB Agro Industry.
The issuance comprises 40,000 secured notes with a nominal value of 1,000 levs each maturing on December 19, 2031, the Financial Supervision Commission said in a statement on Thursday.
You can download the 2023 Agriculture industry in Southeast Europe report here
The securities have a floating rate based on the six-month Euribor plus 1.50% but no less than 3.50% per year, according to a decision published by the regulator.
KB Agro Industry is fully owned by Bulgarian company KB Agroproducts, which is turned owned at 75% by Bulagrochim, according to data published on the commercial registry website. Bulagrochim is in turn owned by agricultural producer and trader Bulgarian Mills, which is itself wholly-owned by Liechtenstein-based Unimetal International Establishment Institute.
(1 euro = 1.95583 levs)