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Bulgaria's Specialised Logistic Systems gets bondholders nod for maturity extension

Author Mario Tanev
Bulgaria's Specialised Logistic Systems gets bondholders nod for maturity extension tanatat/Shutterstock.com

SOFIA (Bulgaria), December 4 (SeeNews) - Bulgaria's Specialised Logistic Systems [BUL:2SLA] said that its bondholders approved a proposal to extend the maturity of the company's 1.6 million euro ($1.8 million) bond issue by five years to May 2024.

The issue's annual coupon of 6.0% will be cut to 5.25% for the additional five-year period, Specialised Logistic Systems said in a bourse filing on Monday.

The issue consists of 2,000 bonds with a nominal value of 800 euro each.

The bonds were issued in May 2010 and subsequently listed on the Bulgarian Stock Exchange in September 2010.

($ = 0.8782 euro)

 

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