September 20 (SeeNews) - The Bulgarian Stock Exchange said on Thursday that it has admitted to trading a seven-year 18.8 million levs ($11.0 million/9.6 million euro) convertible bond issue of local sugar producer Zaharni Zavodi [BUL:3Z9].
The bonds will start trading on the exchange on September 28, the Sofia bourse said in a statement.
The issue consists of 188,288 bonds with a nominal value of 100 levs each.
The bonds carry an annual coupon of 3% with interest payments due semi-annually.
Zaharni Zavodi operates several production facilities – a sugar refinery, a confectionery plant and an ethyl alcohol distillery.
(1 euro = 1.95583 levs)