TZUM ISSUES BONDS FOR EUR 8 M ON THE SE

Business | March 24, 2001, Saturday // 00:00

One of the largest departments stores in Bulgaria - TZUM will offer bond debts worth EUR 8 M on Sofia Stock Exchange soon, managers said. The 5 Y bonds are expected to have annual interest of about 13%. TZUM was aquired two years ago by Regent Pacific for $ 30 M, then renovated and offers highly leveled office space. Citybank opened local branch in TZUM building recently.

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