Bulgarian electricity distributor Energo-Pro Varna said that its parent company, Czech Energo-Pro, placed its first emission of bonds on 21 December.
The value of the emission is 370 million euros in guaranteed uncollateralized Eurobonds maturing on 7 December 2022, with 4 % fixed coupon rate and yield at issuance of 4 %. The bonds are payable in December 2020 and on each date of coupon payments after. Investor interest exceeded 800 million euros. The bonds will be quoted at the Irish Stock Exchange. S&P and Fitch rated these bonds as BB- and BB, identical with the issuer’s corporate rating.
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Tags: bonds, Bulgaria, electricity, electricity distribution, Energo-Pro, euro bonds, financial