Bulgaria's Zlaten Lev Holding issues 15 mln euro bond

The ordinary, freely transferable, non-convertible securities carry a floating coupon equal to six-month EURIBOR plus 1.00%, but no less than 3.25% and no more than 5.25% per year, Zlaten Lev Holding said in a stock exchange filing.

Coupon payments on the bond, which was issued on December 7, are due semi-annually.

The funds raised from the bond issuance will also be deployed to restructure the existing shareholdings and liabilities of the company and its subsidiaries as well as to increase its financial assets and repay debts.

The holding's portfolio includes investments in Novalis, a Bulgarian company which leases industrial properties and warehouses in the city of Pazardzhik, in the operator of its rooftop solar array Zlaten Lev Solar as well as in Zlaten Lev Trading, which leases offices in Sofia, and Yantra Properties, which leases industrial and warehouse areas and land in Veliko Tarnovo.

Shares in Zlaten Lev Holding closed flat at 3.30 levs in their most recent trading session on Friday, bourse data show.

(1 euro = 1.95583 levs)