The shareholders of the local holding Eurohold Bulgaria will decide on placing up to EUR 220mn bond, a note on the local exchange reads. The company plans to issue EUR 200mn bond structured in one or several loans in five years and to place another EUR 20mn bond in terms of private offering to specific investors with maturity of up to five years. Eurohold plans to use the raised funds for acquisitions of foreign insurance companies. As recalled, earlier this week Eurohold completed the acquisition of Romania’s 14th largest general insurer Asitrans Asigurari, which is expected to result in increasing the premium revenues of the insurance companies in the group by some 40% to BGN 180mn (EUR 92mn) next year from estimated BGN 130mn this year. Eurohold Bulgaria, owner of the country’s 9th largest general insurer Euroins, wants to get 3 to 5% of the insurance market on the Balkans.