March 18 (SeeNews) - Bulgaria's ROI Property Fund REIT [BUL:RPF;BUL:RPRA] said on Monday that its bondholders decided to change the coupon rate of a 4.2 million levs ($2.3 million/2.1 million euro) eleven-year bond maturing in 2027.
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)