Bulgaria's BEH Lists 550 Mln Euro Bond on Sofia Bourse

Bulgaria's BEH Lists 550 Mln Euro Bond on Sofia Bourse

The Bulgarian Stock Exchange said on Wednesday that it has admitted to trading a seven-year 550 million euro ($648 million) senior unsecured bond issue of state-owned Bulgarian Energy Holding (BEH) [BUL:04HA]. The bonds will start trading on the Sofia bourse on October 2, the BSE said in a statement. The issue, due in June 2025, consists of 5,500 bonds with a nominal value of 100,000 euro each.BEH placed 400 million euro worth of seven-year Eurobonds on June 21, followed by a further 150 million euro raised through reopening of the issue on July 24. The issue carries an annual coupon of 3.5% with interest payments due once per year. The funds raised from the issuance will be used to refinance the 500 million euro bond issued by BEH in 2013 and due in November 2018, the company said at the time.BEH is the holding company of a group of Bulgarian state-owned companies which are engaged in electricity generation, supply and transmission, natural gas transmission, supply and storage and coal mining.($ = 0.8485 euro)

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