SOFIA (Bulgaria), August 20 (SeeNews) - Bulgarian fintech company Lenno said that it has placed a 746,000 euro ($826,000) three-year non-convertible bond issue on August 6.
The issue carries an annual coupon of 12% with payments due semi-annually, documents filed by the company with the commercial register show.
The issue consists of 746 bonds with a nominal value of 1,000 euro each.
This is Lenno's fourth successful bond placement so far this year. Lenno placed a three-year 1.1 million euro bond issue at 12% annual interest in February, a five-year 500,000 euro issue at 4.0% annual interest in March, and a five-year 562,000 euro issue at 12% annual interest in May.
($ = 0.9027 euro)