Bulgaria's Zaharni Zavodi Lists 9.6 Mln Euro Bond on Sofia Bourse

Bulgaria's Zaharni Zavodi Lists 9.6 Mln Euro Bond on Sofia Bourse

The Bulgarian Stock Exchange said on Thursday that it has admitted to trading a seven-year 18.8 million levs ($11.0 million/9.6 million euro) convertible bond issue of local sugar producer Zaharni Zavodi [BUL:3Z9]. The bonds will start trading on the exchange on September 28, the Sofia bourse said in a statement.The issue consists of 188,288 bonds with a nominal value of 100 levs each. The bonds carry an annual coupon of 3% with interest payments due semi-annually. Zaharni Zavodi operates several production facilities – a sugar refinery, a confectionery plant and an ethyl alcohol distillery.(1 euro = 1.95583 levs)

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