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Oct 15, 2007 18:55 EEST
SOFIA (Bulgaria), October 15 (SeeNews) – The European Investment Bank (EIB) has placed a second Bulgarian lev-denominated five-year bond issue, worth 30 million levs (15.3 million euro), to finance its operations, an official of the bank said on Monday.
The issue follows 25 million levs of five-year bonds placed on October 8, EIB senior funding officer Henry Von Blumenthal told SeeNews by phone from Luxembourg.
The 30 million lev issue, which has a coupon of 5.25%, has been placed with international institutional investors and will be used for general funding purposes, Von Blumenthal said.
The EIB, the European Union's long-term lending bank, was set up in 1958 to provide financial support to sound investment projects. The EIB's joint owners are the 27 EU member states.
(1 euro = 1.95583 Bulgarian levs)
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