January 24 (SeeNews) - Bulgarian sugar and ethanol producer Zaharni Zavodi [BUL:ZHZA] intends to make the final 6.83 million levs ($3.79 million/3.49 million euro) payment of the principal of an 18.8 million levs bond on January 29, it said on Tuesday.
Simultaneously, Zaharni Zavodi will pay to bondholders a coupon payment in the total amount of 17,399 levs, the company said in filing to the stock exchange in Sofia.
The company said in October its bondholders approved a proposal for early repayment of the bond, bringing forward the maturity date to January 29, 2023, from August 22, 2025.
Zaharni Zavodi issued the bond with an annual coupon rate of 3% in 2018. The company said at the time it intended to use the proceeds to repay outstanding debt.
(1 euro = 1.95583 levs)