BOYANOV & Co. advised the lead manager of the largest corporate bond issue (€130 million) in Bulgaria.
The issuer, Energo-Pro Varna, is a holding company of several large energy companies in Bulgaria, including the electricity distribution company in Northeast Bulgaria. Energo Pro Varna is a subsidiary of Energo Pro a.s., Czech Republic, one of the fastest growing energy groups in the EU.
The bonds, which have a 7-year maturity and are expected to be listed at the local stock exchange, have been subscribed by IFIs, banks, pension funds and asset managers. The proceeds will be invested in improving the network and quality of services of Energo Pro.