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Sofia bourse to suspend from trading HypoCredit bond

Dec 18, 2014, 5:33:34 PMArticle by Borislava Andreevska
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SOFIA (Bulgaria), December 18 (SeeNews) – The operator of the Sofia stock exchange said on Thursday it will suspend from trading for three business days bonds issued by Bulgarian mortgage lending and project financing services company HypoCredit [BUL:9RTE].

Sofia bourse to suspend from trading HypoCredit bond

The trading halt for the securities with identification number ISIN BG2100018089 is effective as of December 19, the bourse operator said in a statement.

No further details were immediately available.

HypoCredit issued the ISIN BG2100018089 bond in 2008. The 6.8 million euro ($8.4 million) paper bears an annual interest rate of 7.0%, maturing on June 30, 2018. The issue carries a coupon equivalent to the six-month EURIBOR plus 3.125% but no less than 7.0%.

HypoCredit, set up in 2004, is a unit of Dutch-based TBI Financial Services.

($=0.8121 euro)

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