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Skip Navigation LinksHome :: Central and Eastern Europe :: Chimimport places EUR 65mn bond.

Tuesday, August 19, 2008

Chimimport places EUR 65mn bond.





Chimimport places EUR 65mn bond. The Netherlands-based subsidiary of the country’s largest holding company Chimimport has placed a EUR 65mn bond with maturity of 7 years and a stock conversion option. The coupon is fixed at 7%. The tab bond of up to EUR 15mn could be issued at a late stage. The debt will finance strategic acquisitions and other development targets. The bond issue was managed by Unicredit Markets & Investment Banking. The market capitalisation of Chimimport reached EUR 665mn as of yesterday with a free float of 16.5%. The net non-consolidated profit of Chimimport rose by 5% y/y to BGN 43.3mn (EUR 22.1mn) in H1. Chimimport controls a large number of financial, industrial and transport companies in the country, including the main air carriers Bulgaria Air and Hemus Air.







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