September 26 (SeeNews) - Bulgarian diversified group Severcoop Gamza Holding [BUL:6S4] has successfully placed a 20 million levs ($12.0 million/10.2 million euro) eight-year non-convertible bond issue, commercial register data shows.
The issue consists of 20,000 bonds with a nominal value of 1,000 levs each, according to data from the commercial register.
The bonds carry an annual coupon of 5.0% with payments due semi-annually.
Severcoop Gamza Holding plans to use the proceeds from the issue to acquire majority and minority stakes in companies, in order to form a diversified portfolio, the company said earlier this year.
Earlier this month, the company doubled its capital to 10.7 million levs ($6.5 million/5.5 million euro) via a new share issue. The company raised 10.7 million levs in the process, which it intends to invest in the purchase of stakes in companies active in production of wine, milk, foie gras and duck meat products, as well as water bottling and distribution.
Severcoop Gamza Holding was set up in 1998 as a privatisation fund.
(1 euro = 1.95583 levs)