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26-06-2018 06:37
DGKV Advised on BEH EUR 400 mln Eurobond Issue

DGKV acted as legal counsel under the laws of Bulgaria to Citigroup Global Markets Limited acting as sole bookrunner and lead manager and First Financial Brokerage House Ltd. acting as co-manager in respect with Bulgarian Energy Holding EAD’s (“BEH”) third Eurobond issue. The seven-year EUR 400 mln Eurobond issue was placed on 21st June 2018 and will be listed on the Irish Stock Exchange (Euronext Dublin). The annual interest rate of 3.5% turns to be the lowest since BEH has been participating on the international financial markets.  This is the first Eurobond issue for which a dual listing on the Bulgarian stock exchange is intended. DGKV has already acted as legal advisor on BEH’s second Eurobond issue worth EUR 550 mln in July 2016 which represents the biggest bonds issuance by a Bulgarian issuer to date.

DGKV provided legal and tax advice on matters of Bulgarian law as well as assistance in the execution of the trade. The team was led by Partner Georgi Tzvetkov, and included Partner Viara Todorova, Senior Associates Gergana Monovska and Yassen Spassov, and Associate Nikola Minchev.

Source: www.dgkv.com
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