Citi Group To Advise Bulgarian Energy Holding’s 250 Mln Euro Bond

Citi Group To Advise Bulgarian Energy Holding’s 250 Mln Euro Bond

The Bulgarian Energy Holding (BEH) said it picked Citi Group to advise it on the placement of a 250 million euro ($325.18 million) bond issue.

The holding company is yet to sign a contract with the financial institution, BEH said in a statement on its website.

Through the bond issue BEH plans to refinance a credit taken out by one of its units, the National Electricity Company.

Earlier this month BEH said it turned down a bid by Deutsche Bank, the single candidate to extend a 250 million euro loan to the company, after it failed to meet the tender requirements.

 

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