May 18 (SeeNews) - Bulgarian consumer lending company Money Plus Management [BUL:MPMB] said on Thursday it will seek the consent of its bondholders to change the call option of a 12 million levs ($6.6 million/6.1 million euro) bond issue.
If approved, the change will allow Money Plus Management to repay the bond's principal at its face value at any time until maturity by notifying bondholders in writing at least seven days in advance, the company said in a bourse filing.
Currently, the company can exercise its right to early repayment on the fifth and sixth anniversary of the bond's issuance by notifying bondholders at least a month in advance.
The proposal will be put to the vote at a general meeting of shareholders on June 14.
The seven-year bond was issued in November 2021 and carries a 5% coupon rate, which will go up to 9% as of November 2026, Sofia bourse data show.
(1 euro = 1.95583 levs)