UBB successfully placed its first mortgage bond issue


UBB has successfully placed its first issue of mortgage bonds. The bond issue amounts to BGN 40 million, while the nominal value of one bond is BGN 1000. The interest is fixed on 6,625% and will be payable twice a year. The bond issue period is 5 years, with maturity date 12 July 2009. So far this is the largest issue of mortgage bonds on Bulgarian market. 

This is the second bond issue of UBB, the first being a 3-year issue of corporate bonds of total value BGN 15 m.

For the first six months of the current year UBB reports profit of BGN 39,8 million before tax. It exceeds the profit for the same period of the previous year by 33%.