ECONOMIC AND INVESTMENT BANK ISSUES MORTGAGE BONDS

Business | November 13, 2001, Tuesday // 00:00

Bulgaria’s Economic and Investment Bank (EIB) will launch a BGN 3 M public mortgage bond issue on November 13, 2001.The two-year bonds will bear a fixed annual coupon of 7,25%. A total of 300,000 mortgage bonds are to be issued at a par value of BGN 10 each. The EIB issue will be listed on the stock exchange. Mortgage bonds issued before in Bulgaria were offered only to institutional investors. The Bulgarian law provides for the exemption of individuals from taxation on mortgage bond interest income. The EIB bonds will be the first in Bulgaria to be denominated into Bulgarian levs and not euros. The deadline for bonds subscription is January 13, 2002. The subscription will be made in the central office of the Economic and Investment Bank in Sofia.
Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria