Bulgaria, BSTDB will invest 45 million dollars in a 435 million dollars bond issue by Energo-Pro
, SEE Energy NewsThe Black Sea Trade and Development Bank (BSTDB) said that it will invest 45 million dollars in a 435 million dollars bond issue by Czech
electricity distributor Energo-Pro.
The statement from the bank said that the bond proceeds will go towards Energo-Pro’s investment program in the modernization and rehabilitation of electricity networks in Bulgaria and Georgia, as well as strengthening its environmental and social management system and expanding it to more sites in Bulgaria, Turkey and Georgia.
In November 2016, the bank acted as an anchor investor in a bond issued by Energo-Pro Varna, a Bulgarian subsidiary of Energo-Pro, in what was then the largest private bond in the country. In December 2017, BSTDB supported Energo-Pro as an anchor investor in its debut eurobond issue.
Through its subsidiaries Power Distribution North and Energo-Pro Sales, Energo-Pro Varna services some 1.2 million consumers across nine provinces in northeastern Bulgaria.
LATEST NEWS
- March 25, 2023 Serbia, NIS has launched a tender for the selection of a partner for the construction of small-scale gas-fired power plant
- March 25, 2023 Serbia, More than a third of households reduced their electricity consumption in February
- March 25, 2023 Serbia, Fintel Energija has signed an agreement for the supply of wind turbines for its 854 MW wind farm with Chinese Windey
