Sofia bourse admits to trading Sever Holding's 14 mln euro bond

The securities will start trading under the code SEVB on November 28, the BSE said in a statement. The final trading date is August 2, 2032.

The indicative reference price for the first trading session is set at 100% of the bonds' par value.

In August, Sever Holding issued 28,000 bonds with a nominal value of 1,000 levs apiece, due on August 7, 2032.

The placement carries a floating annual coupon rate equal to the six-month EURIBOR plus 1.25%, but not lower than 3.25% and not higher than 5.25%. Coupon payments are due semi-annually, while principal payments have a four-year grace period.

Shares in Sever Holding last traded at 3.20 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)