Bulgarian Development Bank places EUR 20mn bond.

By bne IntelliNews May 19, 2010
State-owned Bulgarian Development Bank (BDB) issued EUR 20mn unsecured bonds with a 5% coupon, the lender said on its website. The bonds will mature in five years. The funds will be used for the financing of new and the refinancing of existing infrastructure projects in the areas of renewable energy and processing of solid household waste. Raiffeisenbank Bulgaria was the lead manager of the issue. The bonds have been offered to institutional investors but BDB said it planned to register them for secondary trading on the local stock exchange. The lender ranked sixteenth-largest in terms of assets as of end-March. It specialises in loans for the small and medium sized enterprises which face difficulties to obtain private financing.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335