By Rebecca Melvin
New York, Nov. 30 – EuroHold Bulgaria AD has priced €70 million of five-year notes at par to yield 6˝% on Thursday, according to a market source.
The notes are guaranteed by Euroins Insurance Group AD.
Proceeds will be used to fund the company’s tender of €46.5 million principal amount, or 99%, of its €47 million of 8% notes due Dec. 22, 2021.
The issuer is an insurance company based in Sofia, Bulgaria.
| Issuer: | EuroHold Bulgaria AD
|
| Guarantor: | Euroins Insurance Group AD
|
| Issue: | Notes
|
| Amount: | €70 million
|
| Maturity: | Dec. 7, 2022
|
| Bookrunner: | Nomura International plc
|
| Coupon: | 6˝%
|
| Price: | Par
|
| Yield: | 6˝%
|
| Trade date: | Nov. 30
|
| Settlement date: | Dec. 7
|
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