Bulgarian Airways Group issues 7.7 mln euro bond

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Bulgarian Airways Group, majority owner of flag carrier Bulgaria Air, said that it issued a seven-year 15 million levs ($9.3 million/7.7 million euro) bond on January 19.

The unsecured bonds carry a coupon of 3.7% due semi-annually, Bulgarian Airways Group said in a statement on Tuesday.

The issue will be repaid in ten installments of 1.5 million levs each following a two-year grace period.

In 2019, Bulgarian Airways Group placed a seven-year 15 million levs bond issue carrying a coupon of 3.6%.

Bulgarian Airways Group controls 99.99% interest in Bulgaria Air, and majority stakes in five other companies. The company also owns minority stakes in Lufthansa Technik Sofia, Swissport Bulgaria, Silver Wings Bulgaria, and Amadeus Bulgaria.

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