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Bulgaria's Puldin Properties Invest REIT gets FSC nod for cap hike

Author Mario Tanev
Bulgaria's Puldin Properties Invest REIT gets FSC nod for cap hike tanatat/Shutterstock.com

SOFIA (Bulgaria), November 6 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said that it has approved the prospectus of local Puldin Properties Invest REIT [BUL:5P6] for a capital increase via a new share issue.

Puldin Properties Invest REIT will seek to raise up to 36 million levs ($20.4 million/18.4 million euro) by offering 18 million shares for subscription at a price of 2 levs apiece, the financial regulator said in a statement on Tuesday.

Puldin Properties Invest REIT shares last traded on the Bulgarian Stock Exchange at a price of 1.8 levs.

(1 euro = 1.95583 levs)

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