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Severcoop Gamza Holding to issue BGN 20m bonds on the BSE (NEUTRAL)

The board of directors of Severcoop Gamza approved the issue of BGN 20m new bonds, the company reported. Recently, the holding company concentrated in manufacturing, announced a BGN 10.7 equity raise as well. The tenure of the bond issue is 8 years with 5% interest rate and semiannual coupon payments. The proceeds are going to be used for increasing the stake of Severcoop Gamza in its daughter companies as well as in entities where it holds minority interest.

Source: Severcoop Gamza; FFBH

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