Bulgaria’s Transinvestment to issue up to 8.0 mln levs (4.1 mln euro) bond

The decision was adopted on Friday at a meeting of Transinvestment bondholders, the company said in a statement.

The additional parameters of the bond issue will be set according to market conditions, it added.

Earlier this month, Transinvestment announced plans to sell part of its portfolio of short-term credit card receivables at a minimum price of 8.25 million levs to make a scheduled payment on a bond issue that will mature on December 9.

(1 euro = 1.95583 Bulgarian levs)