September 24 (SeeNews) - The Bulgarian Stock Exchange said that it has decided to admit to trading a nine-year 30 million levs ($17.2 million/15.3 million euro) bond issued by local diversified group Rodna Zemya Holding [BUL:6R2].
The bonds will start trading on the regulated market on September 29, the stock exchange operator said in a statement on Wednesday.
The issue comprises 30,000 bonds with a nominal value of 1,000 levs each.
The bonds carry an annual coupon of 3.6% with payments due each six months.
Earlier this year, Rodna Zemya Holding said it will use the funds to develop the group's brands, expand the retail network of its units, and optimise its capital structure.
The group's larger names include those of building materials retailer Baumax, which operates under the HomeMax brand, DIY-chain operator HIT Hypermarket and meat products maker Koopdoverie Lesidren. Both HIT Hypermarket and Koopdoverie Lesidren were acquired last year, after Rodna Zemya Holding raised 36 million levs through a capital increase.
(1 euro = 1.95583 levs)