"FairPlay Properties" REIT successfully completed the Refinancing of its two Bond Issues

December 8th, 2015

   The Management of "FairPlay Properties" REIT (FPP) reports that the refinancing of their two bond issues is successfully completed. The refinancing was made by an investment loan at the amount of EUR 3.75 million granted by "Unicredit Bulbank" AD. The term of the loan is until the end of 2020. In case FPP regularly pays its obligations and is not committing another default on it, the repayment of principal may be renegotiated to extend the payment for another five (5) years. The interest on the loan is 3-month SOFIBOR plus a margin of 3% and an annual commission of 0.15%.
   Due to the refinancing FPP will pay EUR 298 000 less principal and EUR 90,000 less interest in 2016.

   "FairPlay Properties” REIT is listed on the BSE – Sofia on 17th of February, 2006. Major shareholder in the company is “FairPlay International” with 42, 9% share in the capital, the rest of the shareholders are institutional investors (10 pension, 16 mutual funds and 1 investment company) and over 340 individuals and legal entities, retail investors.

The Company is a holder of plenty of prestigious awards such as:

  • „Investor of the Year” in the Tourism sector for 2013 for the investment of the Company in the Holiday village “Santa Marina”, Sozopol;

  • Second place in the Annual rating of Dnevnik newspaper – “Top 100 best companies on the stock exchange in Bulgaria in 2009” in the category “Best REIT”.

  • „Best IR Website”, the Bulgarian Association of Investor Relations Directors for 2008;

  • „Company with best Corporate governance for Special investment purpose Companies, 2006”, Investors Association in Bulgaria;

The projects of the Company have also received many prestigious awards, including:

  • The Holiday Complex “Santa Marina” is the first Bulgarian holder of the prestigious award Prix d’Excellance Golden Winner, May 2014;

  • The holiday village “Santa Marina” holds the great reward in the competition FIABCI Prix D’ Excellance Awards, April 2013;

  • The Holiday complex „Santa Marina” was distinguished with the prize “Best Holiday Village 2010” from the Bulgarian Hotel and Restaurant Association;

  • The holiday village “Santa Marina”, Sozopol owns the Golden prize “Best Project in Bulgaria” from the Russian magazine „Homes Overseas”;

  • The holiday village “Santa Marina”, Sozopol is the holder of the award “Best Marina Project” from the international competition “Best project 2009”, organized in the frame of the year of Bulgaria in Russia;

  • The project of the Company Hotel, SPA and Apartments “Saint Ivan Rilski”, Bansko was distinguished with an award from the Bulgarian Hotel and Restaurant Association for “Best holiday 4-star hotel in Bulgaria 2009”;

  • The webpage of the holiday village “Santa Marina”, Sozopol was awarded as “Best website in the Real Estates category” from the international web festival “Albena 2008”;

  • The largest project of the Fund – the holiday complex “Santa Marina”, Sozopol holds the prize “Holiday complex of the Year” from the competition “Building of the year 2006”.

More information:
Miglena Dimitrova, Investor Relations Director
Tel.: 02/ 8 199 121; e-mail: m.dimitrova@fpp.bg