Bulgarian Energy Efficiency Fund Raises Capital – Regulator

Bulgarian Energy Efficiency Fund Raises Capital – Regulator

The Bulgarian financial regulator said it has registered 562,704 voting shares issued by local Energetics and Energy Savings Fund (EESF), with a par value of 1.0 lev ($0.7/0.5 euro) each.

The share issue took place within a capital hike, the Financial Supervision Commission (FSC) said in a statement.

Earlier this year, the fund said it planned to offer 15,565,688 shares with a nominal value of 1.0 lev and an issue price of 1.8 lev each.

Prior to the capital increase, EESF’s capital consisted of 3,891,422 shares with a par value of 1.0 lev each.

EESF is the country’s first private fund supporting energy-saving measures in publicly-owned buildings.

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