Bulgaria's BEH Files for Admission to Trading of Bond Issue on Sofia Bourse

Bulgaria's BEH Files for Admission to Trading of Bond Issue on Sofia Bourse

State-owned Bulgarian Energy Holding (BEH) [BUL:04HA] has filed for admission to trading of its 550 million euro ($648 million) senior unsecured bond issue on the Bulgarian Stock Exchange, the bourse operator said on Tuesday.The issue consists of 5,500 bonds with a nominal value of 100,000 euro each, the BSE said in a statement.BEH placed 400 million euro worth of seven-year Eurobonds on June 21, followed by a further 150 million euro raised through reopening of the issue on July 24. The issue carries an annual coupon of 3.5%.The funds raised from the issuance will be used to refinance the 500 million euro bond issued by BEH in 2013 and due in November 2018, the company said at the time.BEH is the holding company of a group of Bulgarian state-owned companies which are engaged in electricity generation, supply and transmission, natural gas transmission, supply and storage and coal mining.($ = 0.8485 euro)

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