One of the largest Bulgarian dairy producers, United Milk Company (UMC), issued a EUR5m (US$5.94) corporate bond in the beginning of January.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The five-year bond that will pay interest of 8% will be listed on the Bulgarian bourse, Reuters has reported.
As much as 70% of the bond was purchased by local investors, approximately 20% was bought by US buyers and the remaining 10% was picked up by European investors.
Cash generated by the bond will be used to refinance a EUR3m loan from Postbank, fund the reconstruction and expansion of the company’s Plovdiv milk plant and complete construction of a Feta cheese production site.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
