Municipality Shumen – bond issue (2011)


Shumen Municipality issued EUR 7.7mn municipal bond. Bulbrokers Consulting acted as investment intermediary.


The issue matures in 11 years, with one year grace period. EUR 6.1mn of the bond will be invested in the Shumen’s streets rehabilitation, EUR 1.3mn will be invested in the construction of new building for radiotherapy within the oncology center, and EUR 0.3mn in finishing the repairs of the Shumen Rest Home.