Bulgarian Energy Holding bond (Bulgaria)

BSTDB invested EUR 50 million in a bond issue of the Bulgarian Energy Holding EAD (BEH), the incumbent 100% state-owned electricity and gas utility in Bulgaria and a major electricity exporter in the Balkans.

The BSTDB funding helped in implementing the BEH’s priority investment projects in Bulgaria, such as the modernization of the electricity and gas transmission infrastructure, in particular the interconnectors between Bulgaria and its neighboring countries, which is crucial for energy security and integration in the region.

The total volume of the BEH bond was EUR 600 million issued in several tranches, with BSTDB subscribing to the last tranche of EUR 50 million.