Bulgaria's Holding Nov Vek seeks nod to list bond on stock exchange in EU

Bulgaria's Holding Nov Vek seeks nod to list bond on stock exchange in EU

Bulgaria's Financial Supervision Commission said that it has asked local diversified group Holding Nov Vek to provide further information and documents regarding its request for approval of a prospectus for listing a bond issue on a regulated market in the European Union.
The financial regulator did not provide further details in its statement, published on Tuesday.
Holding Nov Vek placed an eight-year 15 million euro bond issue in 2015. The issue consists of 15,000 bonds with a nominal value of 1,000 euro each.
The bonds carry an annual coupon of 4.5% with interest payments due twice per year.
Holding Nov Vek listed the issue on the Bulgarian Stock Exchange in 2016.
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