March 13 (SeeNews) - Bulgarian investment company Zagora Fininvest said on Wednesday that its bondholders decided to change the coupon rate of a 5.25 million euro ($5.73 million) eleven-year bond [BUL:ZAFA] maturing in 2028.
Starting March 30, the bond will carry a floating annual coupon rate based on six-month EURIBOR plus 1.25%, but not lower than 2.75% and not higher than 5.75%, Zagora Fininvest said in a bourse filing.
The coupon change was approved at a general meeting of bondholders held on March 11.
The bond was placed in March 2017 and bears a floating coupon rate equal to six-month EURIBOR plus 4.25% but at least 3.60% in total. The coupon rate currently amounts to 8.34%, Sofia bourse data show.
($ = 0.9161 euro)