December 12 (SeeNews) - The Bulgarian Stock Exchange said that it has received a request for admission to trading of a 5.0% 20 million levs ($12.0 million/10.2 million euro) bond issued by local diversified group Severcoop Gamza Holding [BUL:6S4].
The eight-year non-convertible bond issue consists of 20,000 bonds with a nominal value of 1,000 levs each, the Sofia bourse operator said in a statement on Tuesday.
Severcoop Gamza Holding issued the bonds in September and said it plans to use the proceeds from the issue to acquire majority and minority stakes in companies, in order to form a diversified portfolio.
Also in September, the company doubled its capital to 10.7 million levs via a new share issue. Severcoop Gamza Holding raised 10.7 million levs in the process, which it intends to invest in the purchase of stakes in companies active in production of wine, milk, foie gras and duck meat products, as well as water bottling and distribution.
Severcoop Gamza Holding was set up in 1998 as a privatisation fund.
(1 euro = 1.95583 levs)