site.btaBulgarian Energy Holding Reports Successful Sale of EUR 550 Mln Bond Issue

Bulgarian Energy Holding Reports Successful Sale of  EUR 550 Mln Bond Issue

Sofia, July 27 (BTA) - The state-owned Bulgarian Energy Holding (BEH) announced successful raising of a loan through sale of a 550 million euro bond issue on the Irish Stock Exchange Tuesday.

During the past week BEH officials held a number of meetings with investors in London, Paris, Munich, Frankfurt, Milan, Zurich and Vienna.

The bond issue attracted strong interest and was oversubscribed (to over 2 billion euro).

The bonds will carry an annual interest of 4.875 per cent.

The whole bonded loan will be used to repay a bridge loan that BEH took out in April 2016 to pay outstanding obligations.