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TZUM issues bonds for EUR 8 M on the SE

Date: 24.03.2001

One of the largest departments stores in Bulgaria - TZUM will offer bond debts worth EUR 8 M on Sofia Stock Exchange soon, managers said. The 5 Y bonds are expected to have annual interest of about 13 %.

TZUM was aquired two years ago by Regent Pacific for $ 30 M, then renovated and offers highly leveled office space. Citybank opened local branch in TZUM building recently.

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