SOFIA (Bulgaria), September 13 (SeeNews) – Bulgaria’s Kyustendil municipality has issued a 6.5 million euro ($8.9 million) bond, data from the country's Central Depository showed.
The municipality issued on Friday 6,500 bonds with a par value of 1,000 euro each, the Central Depository said on its website.
According to a presentation of the upcoming bond issue released by the Kyustendil municipality in May, the paper has a ten-year maturity and carries an interest rate equal to the six-month EURIBOR plus no more than 6.5% per annum.
The municipality said in the presentation it plans to use the funds for the construction of a medical treatment and recreation complex that will be leased to and managed by a municipal company.
($=0.7337 euro)