SOFIA (Bulgaria), June 29 (SeeNews) – Bulgaria’s Starcom Holding [BUL:S28H] said on Thursday its subsidiary Euroins Romania has acquired a total of 1,423 Starcom bonds at a price of 1,000 levs ($583,500/511,300 euro) each.
Euroins Romania acquired three Starcom bonds on June 22 and a further 1,420 on June 27, Starcom Holding said in a bourse filing.
Starcom’s ten-year bond, issued in April 2011, carries an annual coupon of 4.15%, with coupon payments due semiannually.
Euroins Romania is a subsidiary of Euroins Insurance Group, part of Bulgarian insurance holding company Eurohold Bulgaria.
As at end-2016, Starkom Holding owned 50.05% of the capital of Eurohold Bulgaria.
(1 euro = 1.95583 levs)