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Bulgaria's Lenno places 746,000 euro bond issue

Author Mario Tanev
Bulgaria's Lenno places 746,000 euro bond issue Photo: Lenno / All rights reserved.

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)