Friday, June 22, 2018

Nomos Bank sets interest rate for BO-03 bonds at 8.6 percent

Nomos Bank announced on Wednesday that it has set the interest rate for the third and fourth coupons of its BO-03 bonds at an annual rate of 8.6 percent.

As a result, each third and fourth coupon bonds will carry values of $1.30 and $1.29, respectively. Interest income payments on third coupons will be made on Sept. 2, while fourth coupon payments will be made on Sept. 8.

Presently, Nomos has two issues of classic bonds still outstanding. The bank's 11 and 12 series bonds currently total $151 million each.

The bank's BO-03 bonds fall under the four series along with BO-1, BO-2 and BO-5.

Nomos also has five Eurobonds in circulation which have a total value of $2 billion.