Bulgarian regulator admits to trade Finance Security Groupe bond

Sofia: Bulgaria’s Financial Supervision Commission (FSC) said it approved a prospectus for the admission to trading on a regulated market of an 11 million euro ($11.9 million) eight-year bond issued by investment company Finance Security Groupe earlier this year.

The regulator entered the company and its bond into the register of public companies and other issuers of securities, the FSC said in a statement on Tuesday.

Finance Security Groupe issued in March 11,000 ordinary, freely transferable, secured bonds with a par value of 1,000 euro apiece.

The placement carries a floating annual coupon based on six-month EURIBOR plus 1%, with the sum not lower than 2.5% and not higher than 5.5%.

Coupon payments are due semi-annually, while the bonds will mature on March 26, 2032.