Bulgarian Regulator Oks Severcoop Gamza Holding Bond Listing Prospectus

Bulgarian Regulator Oks Severcoop Gamza Holding Bond Listing Prospectus

Bulgaria's financial regulator said that it has approved the prospectus of local diversified group Severcoop Gamza Holding for listing a 20 million levs ($12.0 million/10.2 million euro) eight-year non-convertible bond issue on the Bulgarian Stock Exchange. The bonds, issued in September, carry an annual coupon of 5.0% with payments due semi-annually, the Financial Supervision Commission said in a statement on Tuesday. The issue consists of 20,000 bonds with a nominal value of 1,000 levs each. Severcoop Gamza Holding plans to use the proceeds from the issue to acquire majority and minority stakes in companies, in order to form a diversified portfolio, the company said earlier this year. In September, the company doubled its capital to 10.7 million levs via a new share issue. Severcoop Gamza Holding raised 10.7 million levs in the process, which it intends to invest in the purchase of stakes in companies active in production of wine, milk, foie gras and duck meat products, as well as water bottling and distribution. Severcoop Gamza Holding was set up in 1998 as a privatisation fund.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.