THE BULGARIAN-AMERICAN CREDIT BANK (BACB) PREPARES A SECOND ISSUE OF M...

Politics | February 26, 2002, Tuesday // 00:00

The Bulgarian-American Credit Bank (BACB) prepares a second issue of mortgage bonds, the credit institution announced without specifying the concrete parameters of the new issue. BACB successfully sold its first mortgage bond issue on August 1 last year. The par value of the issue was announced to amount to EUR 3 M but EUR 3.2 M were subscribed. The yield on the bonds is 7,75% on an annual basis. The first six-month coupon was paid on Febrary 1.

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