Author: Georgi Tzvetkov
DGKV advised the Joint Bookrunners, Citigroup and J.P. Morgan on matters of Bulgarian law in relation to the issue of EUR 800,000,000 4.250 per cent. Eurobonds due 2030 issued by the state-owned Bulgarian Energy Holding EAD in June 2025. The bonds are listed on the Irish Stock Exchange (Euronext Dublin).
Due to high investor demand the issuance was oversubscribed 3.5 times which allowed the issuer to optimise cost of funding. The issue received ratings from Moody’s (Ba2) and Fitch (BB+).
DGKV’s team was led by partners Georgi Tzvetkov and Gergana Monovska.