Megabank Annouces $5m Bond Issue.
2 October 2008
Megabank (MEGA) plans to issue $2m in series C domestic bonds and additional $3 as series D on November 1, 2006. According to the bank the C bonds will have a two–year maturity and a 14% coupon rate, while the D bonds will have a three-year maturity with a 14.5% coupon rate. The bonds will be sold at 100% of par value, or ~$200.
