September 21 (SeeNews) - The Bulgarian Stock Exchange (BSE) said on Thursday that it admitted to trading a 10 million euro ($10.7 million) bond issue of real estate company Student Center.
The securities will start trading under the code STCB on September 26, the BSE said in a statement. The final trading date is May 5, 2031.
The indicative reference price for the first trading session is set at 100% of the bonds' par value.
In May, Student Center issued 10,000 bonds with a par value of 1,000 euro apiece, due on May 10, 2031. The bonds carry a floating annual coupon rate based on the six-month EURIBOR plus 1.50%, but no less than 3.50% and no more than 6.50%.
Coupon payments will be due semi-annually, while the principal will be repaid in 10 instalments of 1 million euro each.
($ = 0.9344 euro)