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
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Guarantor: | Euroins Insurance Group AD
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Issue: | Notes
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Amount: | €70 million
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Maturity: | Dec. 7, 2022
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Bookrunner: | Nomura International plc
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Coupon: | 6˝%
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Price: | Par
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Yield: | 6˝%
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Trade date: | Nov. 30
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Settlement date: | Dec. 7
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