The company's assets currently stand at 7.576 mln leva (3.873 mln euros), BSE reports.
At the end of last month, the Board of Directors adopted a decision to issue an emission of bonds worth up to 5.5 mln euros.
Bonds will be common, transferable, paperless, interest bearing, and secured by a buy back option.
The company will issue up to 5,500 bonds with a face value of 1000 euros each. The debt maturity is 60 months, and the annual interest rate 7.25%. Interest payment reccurence is 6 months.
The company will use the debt to finance the purchase of new machines and equipment, and up to 40% of it will be used in the acquistion of majority stakes in other companies oprating in the same filed.
Balkancar-Zarya Pavlikeni increased capital from 165,257 leva (84,494 euros) to 1 322 056 leva (675,956 euros) using own funds. The company posted H1 net profit in the amount of 193,000 leva (98,679 euros), against 411,000 leva (210,140 euros) a year ago.
So far today on the BSE 20 shares have changed hands on the position at 9 leva.