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Bulgarian REIT ELARG Pays 2.6 Mln Euro to Redeem Bonds before Maturity


14.6.2012 12:22:00 | Author/Source www.seenews.com

Bulgarian real estate investment trust ELARG Agricultural Land Opportunity Fund [BUL:4EC] said it paid 5.08 million levs ($3.3 million/2.6 million euro) to repurchase 2,500 bonds before maturity.

The bonds are part of a 10 million euro ($12.5 million) bond issue, which was restructured in August 2010 and matures on August 3, 2013. It bears an annual interest of 8.5%. Each bond has a nominal value of 1,000 euro.


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