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First coupon payment on IHB convertible bonds

24 Jan 2005 | 11:58

On 25.01.2006 IHB will make the first coupon payment on IHB convertible bonds. In accordance with the Prospect for initial public offering for the bonds, the write to receive the coupon payments have the bondholders as per 20.01.2005 /3 working days before the coupon payment/.
The coupon payment will be made by CB Allianz Bulgaria – investment intermediary of the issue. The coupon payments for the six month period are calculated on the following formula:
Coupon payment = (Nominal value of one bond*6%*184)/365, where:
184 days is the six months period;
365 days is the real number of days in the year.