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DGKV Advises Citigroup on Bulgarian Energy Holding Eurobond Issue

DGKV Advises Citigroup and First Financial on Bulgarian Energy Holding Eurobond Issue

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Djingov, Gouginski, Kyutchukov & Velichkov has advised sole bookrunner and lead manager Citigroup Global Markets Ltd. on Bulgarian Energy Holding EAD's third Eurobond issue.

First Financial Brokerage House served as co-manager on the issue.

The seven-year EUR 400 million Eurobond issue was placed on June 21, 2018 and will be listed on the Irish Stock Exchange (Euronext Dublin). According to DGKV, "the annual interest rate of 3.5% turns to be the lowest since BEH has been participating on the international financial markets." And, the firm reports, this is the first Eurobond issue for which a dual listing on the Bulgarian stock exchange is intended. 

DGKV previously advised on BEH’s second Eurobond issue, worth EUR 550 million, in July 2016.

DGKV’s team was led by Partner Georgi Tzvetkov and included Partner Viara Todorova, Senior Associates Gergana Monovska and Yassen Spassov, and Associate Nikola Minchev.

Editor's Note: This article has been updated.


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