Lead acid batteries producer Monbat’s consolidated revenues down 9.7% y/y, bottom line shrank more than 4x in H1 2018, according to latest financial statements published by the Company. During the first six months, Monbat posted BGN 133.6m in revenues, marking a 9.7% y/y decrease, with exports declining by 2.9% y/y to BGN 122.5m.
ELANA Agrocredit lent a total of BGN 8.7m as working capital loans for farmers with leasing contracts, during the farming business year 2017/2018, marking an increase of 50% y/y, the company announced in its bulletin for December 2017.
Leading lead-acid car batteries producer Monbat placed EUR 28m convertible bond, the Company announced in a regulatory statement. The bond ‘s term is 84 months and will pay out a semi-annual 6M Euribor + 3% interest, but min. 3% annually.
Monbat AD, pursuant to Art. 92a, para. 1 of the Public Offering of Securities Act (POSA), informs the investors about the beginning of a public offering of up to 30 000 (thirty thousand) dematerialized, interest-bearing, convertible, freely transferable and unsecured bonds with an issue and nominal value of one bond in the amount of EUR 1 000 (one thousand)
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