Bulgaria's Zagora Fininvest plans to change bond coupon

If the change is approved, the issue will bear a floating annual coupon rate based on six-month EURIBOR plus 1.25%, but not lower than 2.75% and not higher than 5.75%, starting March 30, Zagora Fininvest said in a bourse filing.

The proposal will put to the vote at a general meeting of bondholders scheduled for March 11.

The bond was issued in March 2017 and has a floating rate equal to 6-month EURIBOR plus 4.25% but at least 3.60%. The coupon rate currently stands at 8.34%, Sofia bourse data show.

($ = 0.9230 euro)