Djingov, Gouginski, Kyutchukov & Velichkov, working with Linklaters, has advised joint bookrunners Citigroup and J.P. Morgan on the EUR 800 million Eurobond issuance by Bulgarian Energy Holding. Spasov & Bratanov, working with Allen Overy Shearman Sterling, advised Bulgarian Energy Holding.
According to DGKV, the Eurobonds, carrying a 4.25% coupon and maturing in 2030, were issued in June 2025 and are listed on the Irish Stock Exchange. The offering attracted strong investor interest and was oversubscribed by a factor of 3.5. The issuance received ratings of Ba2 from Moody’s and BB+ from Fitch.
The DGKV team included Partners Georgi Tzvetkov and Gergana Monovska.
The Spasov & Bratanov team included Managing Partner Georgi Spasov, Senior Associate Ina Raykova, and Associate Petar Dyankov.