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Sep 28, 2007 16:15 EEST
September 28 (SeeNews) - Eurolease Auto, the leasing arm of Eurohold Bulgaria, said on Friday that it has placed a five-year bond worth 5.0 million euro ($7.1 million).
The company issued 5,000 bonds with a par value of 1,000 euro each and a floating coupon equal to six-month EURIBOR plus 2.95% on an annual basis, but no less than 6.0% annually, the company said in a statement carried by the State Gazette.
The issue, dated September 21, 2007, will be listed for secondary trading on the Bulgarian Stock Exchange within six months of the issue date, the statement said.
Eurolease Auto placed a five-year 3.0 million euro bond last year and two five-year bonds issue worth 5.0 million euro each, earlier this year.
Eurolease Auto targets to raise its net profit to 7.3 million levs in 2009, compared to 408,000 levs last year, helped by the expected fast growth of the local leasing services market. It forecasts a net profit of 1.6 million levs for 2007 and of 4.5 million levs for 2008.
(1 euro = 1.95583 Bulgarian levs)
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