April 9 (SeeNews) - Investment firm Opportunity Bulgaria Investment [BUL:OPBI] said it has raised some 8 million levs ($4.4 million/4.1 million euro) in a placement of a five-year corporate bond issue.
A total of 7,998 convertible bonds with a nominal value of 1,000 levs, equal to their issue price, were subscribed for between March 22 and April 4 out of 8,000 bonds offered, Doverie United Holding said in a bourse filing on Monday.
The bonds have a fixed annual coupon of 5%, the company said earlier. Coupon payments are due semi-annually, while the principal will be repaid in one go at maturity.
The funds raised through the bond sale will go towards bolstering investments and generating current income while mitigating risk by diversifying the company's portfolio of financial instruments.
Shares in the company last traded on March 21 when they closed at 1.70 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)