SOFIA (Bulgaria), September 19 (SeeNews) – Bulgarian tobacco company Pazardzhik BTM [BUL:4PZ] said it plans to sell up to 3.0 million levs ($2.1 million/1.5 million euro) in corporate bonds through a public placement.
On July 19 the company decided to place the bond privately, but intends to change that decision at a shareholders meeting scheduled for October 18, Pazardzhik BTM said in a statement filed with the Bulgarian Stock Exchange (BSE).
The company plans to issue up to 300,000 five-year bonds with a nominal value equal to their issue price of 10 levs each. The issue will carry a fixed rate of 6.0% per year.
Pazardzhik BTM last traded on the BSE on April 20, closing 9.8% higher at 14.3 levs in a volume of 362 shares.
(1 euro = 1.95583 Bulgarian levs)