Bulgaria Denounces Russian Presidential Elections in Occupied Ukrainian Territories
Bulgaria has taken a firm stance against the recent Russian presidential elections held in the illegally occupied territories of Ukraine
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
State-owned Bulgarian Energy Holding (BEH) has successfully placed a EUR 550 M issue of Eurobonds on international capital markets, Energy Minister Temenuzhka Petkova has announced.
The bonds carry an annual coupon of 4.875%, Petkova wrote on Facebook on Tuesday.
The energy holding will use the proceeds from the bond issue to repay a bridge loan which BEH took out earlier this year to repay debt of its subsidiary National Electricity Company (NEK) owed to the local power plants of U.S.-based AES Corporation and ContourGlobal.
The EUR 550 M five-year unsecured bond issue was almost four times oversubscribed, as investors placed bids for some EUR 2.1 B worth of BEH bonds, according to capital.bg
“The achieved yield is 5.125%, which experts see as a good result against the background of problems in the energy sector and volatile capital markets after Brexit and the coup attempt in Turkey,” the Bulgarian business newspaper said in its online edition.
An announcement that an unnamed investor had booked 20% of the issue, which was made at the start of the subscription, gave a positive signal to other investors, the newspaper said. It added that according to two independent sources that investor had been the European Bank for Reconstruction and Development.
The bonds from the second issue will be listed on the Irish stock Exchange, on which bonds from BEH’s first issue already trade. The EUR 500 M, five-year issue was placed at an yield of 4.287% in 2013.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
Prime Minister Nikolai Denkov addressed concerns over the long-term storage of nuclear waste during a parliamentary control session in Bulgaria today
Effective March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation
"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month
In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion