Банкеръ Weekly



All mortgage bonds from TEXIMBANK's first issue of EUR2MN total face value have been sold, the bank's Management Board informed. Between 7 and 21 September the bank found buyers for 2,000 of these bonds, each of BGN1,000 face value, and the applications exceeded the number of bonds offered for sale.The bank is going to pay a 7% annual interest to the bondholders. On September 24, 2007, it will pay the EUR2MN principal as well. The bonds are guaranteed by real estates pledged in favour of the credit institution.During the first general meeting of TEXIMBANK bondholders scheduled for November 3, 2004, the holders are expected to give their consent for registration of the bonds on the stock exchange. The secondary trade of the bonds will be carried out there and the Elana investment agent will manage the issue.

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