consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna
Public relations section
Fair Play International AD Issued its First Corporate Bond with Lead Bond Manager Raiffeisenbank (Bulgaria) EAD, thus increasing the share on the market of newly issued corporate bond to 75 %
Fair Play International AD issued its first, collateralized corporate bond with a par value of EUR 5,6 million. Raiffeisenbank (Bulgaria) EAD is Lead Manager and Underwriter of the transaction. The bond has the following characteristics: 5-year term; maturity on Sep. 30, 2010; floated coupon-6 month EURIBOR + 4% per year, the capital is payable on 3 equal installments on the dates of the last 3 coupon payments.
The bonds were privately placed at their primary offering. At a subsequent stage the bonds will be offered for public trading on the Bulgarian Stock Exchange – Sofia AD.
Since the beginning of 2004, Raiffeisenbank (Bulgaria) EAD successfully structured and placed as Lead Manager 17 corporate, mortgage, and municipal bonds at the total amount of EUR 142 million, thus strengthening the bank’s leading position on the Bulgarian debt market.
,,The focus and the excellent results of our bank on the security market are due to our leading position in the corporate lending and the good knowledge of the issuers’ activity. The collateralized corporate bonds are an attractive alternative for the institutional investors in Bulgaria”, said Momchil Andreev, Chairman of the Board of Directors and an Executive Director of Raiffeisenbank (Bulgaria) EAD.
Fair Play International AD is among the leading building-investment companies in Bulgaria with more than 45 completed buildings. The company has a long year experience in building and managing living and hotel complexes and holiday villages. Fair Play is an employer for more than 800 specialists and workers in Bulgaria. Fair Play International is a winner of “building of the Year” Prize for 2002 and 2004. At the moment the company invests in holiday villages on the Black Sea coast and in the mountain resorts. The number of the apartments that are in process of building at the moment are over 500. The issued corporate bonds will be used for financing the investments of Fair Play in living and hotel complexes.
Hotel complex - Crystal Palace, Sofia
The four star hotel is a restored monument of culture.The project has won the “Building of the Year” 2004 Prize in “City Hotels” category.
Hotel complex - Greenville, Sofia
It is a four star complex and is the newest part of the group of hotels of Fair Play. The complex is built in a park and offers a variety of services to its clients – the coziness of home, a restaurant with 110 places, conference centre, Wellness&SPA centre with a unique relax room, fitness, sauna, steam bath, solarium, covered pool with Jacuzzi, reception with a drinking bar and a hairdressing saloon.