A EUR 20m bond issue of Commercial Bank Allianz Bulgaria will be offered for trade on the Bulgarian Stock Exchange on June 8, 2006. The five-year loan yields 3.75% a year, with interest payments due semi-annually. The bonds have a par value of EUR 1,000 and are secured with mortgage credits of the bank. The principle will be repaid at maturity on December 23, 2010. The bank will use the loan to finance its credit programmes. This is Allianz Bulgaria's third bond issue. The first amounted to EUR 7m and matured on May 23, 2006. The second issue amounted to BGN 15m and was floated in October 2004 with a five-year maturity period.