Bulgarian Regulator Oks Toplofikatsiya Pleven Bond Listing Prospectus

Bulgarian Regulator Oks Toplofikatsiya Pleven Bond Listing Prospectus

Bulgaria's financial regulator said that it has approved the prospectus of local heating utility Toplofikatsiya Pleven for listing a 2.5 million levs ($1.5 million/1.3 million euro) bond issue on the regulated market of the Bulgarian Stock Exchange. The five-year issue, due in 2022, carries an annual coupon of 4.5% with interest payments due semi-annually, the Financial Supervision Commission said in a statement on Tuesday. The issue consists of 2,500 bonds with a nominal value of 1,000 levs each.

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