Capital Direct-1 bonds registered _x000d_

25.11.2004 Source: Pari

The issue of bonds of Capital Direct-1, Bulgaria's first special investment purpose company, was registered on the unofficial bond market of the Bulgarian Stock Exchange Wednesday. The bonds start trading November 29, Monday. The issue amounts to EUR 2.54 million. The par value of a bond is EUR 976.92. The annual return equals the six-month EURIBOR + 5%. The bonds mature in eight years, in November 2012. Coupon interests are due annually. Amortisation payments will be made every year on November 20. Owners of Capital Direct-1 include the Bulgarian American Enterprise Fund (50.15%), Bulgarian American Credit Bank (23.07%) and Bulgarian American Property Management (23.07%). The remaining 3.69% are held by a group of natural persons.