Industrial Holding Bulgaria issued convertible bonds for BGN 50m (15.04.2015)


Industrial Holding Bulgaria AD informed for the successful IPO of convertible bonds. Intermediary of the bond issue is Allianz bank Bulgaria, while manager is the leading Bulgarian investment bank MANE Capital.

The public offering ended on the 9th of April 2015 with subscribed and paid 499,996 out of 500,000 convertible bonds. The term of the issue is 3 years with an annual interest rate of 5% paid semi-annually.

The acquired amount, paid in the deposit account in Allianz bank is BGN 49,999,600. The bond issue was considered a success if it raised a minimum of BGN 30,000,000.

The expenses of the public offering – commissions, compensations, and other totaled BGN 52,100.

No complications or arguments were met during the whole procedure by the issuer or the investment advisories.


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