Bulgaria's ROI Property Fund changes bond coupon

Starting May 13, the bond will bear a floating annual coupon rate based on six-month EURIBOR plus 1.5%, but not lower than 2.5% and not higher than 5.5%, ROI Property Fund said in a bourse filing.

ABC Finance has been appointed as the new bondholders' trustee, replacing Texim Bank [BUL:TXIM].

The changes were endorsed at a general meeting of bondholders on March 15.

The bond was issued in May 2016 and bears a floating coupon rate equal to six-month EURIBOR plus 3.75% but at least 3% in total. The coupon rate currently stands at 7.816%, Sofia bourse data show.

Shares in ROI Property Fund last traded on February 29 when they closed at 8.50 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)