Kinstellar has advised UniCredit Bulbank as the lead manager on the private placement of a EUR 25 million corporate bond issuance by Minimart. Djingov, Gouginski, Kyutchukov & Velichkov advised Minimart.
Minimart is a Bulgarian convenience store chain. According to Kinstellar, the bond issue comprises 250 bonds, each valued at EUR 100,000, maturing in five years at an interest rate of 7.77%, payable semi-annually. The subscription group included UniCredit Bulbank, Eurobank Bulgaria, Varengold Bank, and KBC Agro–Bulgaria. Proceeds from the issuance will fund Minimart’s retail network expansion to 300 stores by 2025 and support upgrades to its IT infrastructure.
The Kinstellar team included Counsel Svilen Issaev and Senior Associates Nikolay Gergov and Denitsa Kuzeva.
The DGKV team included Partner Georgi Tzvetkov and Senior Associate Tsvetelina Bayraktarova.
