Sat, May 26 2012

Eurohold Bulgaria redeems 10 million euro bond

Tue, Oct 26 2010 08:20 CET

byDnevnik.bg

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Eurohold Bulgaria redeems 10 million euro bond

Photo: Reuters

Financial and industrial group Eurohold Bulgaria has repaid the last 3.4 million euro portion of its 10 million euro bond, the company said in a bourse filing.

The company has also paid off its all other banking obligations that fell due this month and currently has outstanding a mezzanine financing, which matures in 2015.

As at the end of June, Eurohold’s consolidated balance sheet included a 16 million leva loan from Unicredit Bulbank due in 2013, a 30 million leva mezzannine debt to Accession Mezzanine maturing in 2015 and the remaining principal of about six million leva of a bond which should be repaid at the end of October.

In September, the company finalised the sale of its production and property portfolio in a 23 million leva deal.

In particular, Eurohold divested partially of its medical equipment manufacturer Etropal and plastics companies Formoplast and Plastchim-T, offloaded its 100 per cent stake in minerals and industrial products testing and analyses maker Eurotest Control, its 91 per cent stake in hotel operator Eurohotels and Iztok Plaza.

Eurohold chanelled the proceeds from the transaction in its core operations, including car sales, leasing and insurance.

Source: Dnevnik.bg

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