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Bulgarian Energy Holding EAD has successfully increased for the second time its third Eurobond issue from EUR 550 to EUR 600 million

On 5 October 2018 Bulgarian Energy Holding EAD (BEH) successfully increased its third Eurobond issue listed on the Irish Stock Exchange (Euronext Dublin) and the Bulgarian Stock Exchange from EUR 550 to EUR 600 million at an annual interest rate of 3,5% and a maturity of 7 years.

With this increase of the Eurobond issue BEH maintains the same competitive price conditions and maturity which will enable the company to spread its interest costs more efficiently and for a longer period of time.  The bonds will be registered on the Irish and the Bulgarian Stock Exchange. The second increase of the issue achieved in continuing volatile market conditions confirms investors’ trust in BEH as well as the good access of the company to capital markets. 

The proceeds from the issue will be used for general corporate purposes.

With this second increase BEH has achieved the targeted amount of the Eurobond issue and no more tap issues are planned.

PRESS CENTRE OF BULGARIAN ENERGY HOLDING EAD

These materials are not an offer of securities for sale in the United States.  The securities to which these materials relate have not been registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.  There will be no public offering of the securities in the United States.

 This document is being distributed to and is only directed at (i) persons who are outside the Republic of Bulgaria or, (ii) to professional clients falling within the Schedule to §  1, item 10 of the Bulgarian Financial Instruments Markets Act, together being referred to as “relevant persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

 This document is being distributed to and is only directed at (i) persons who are outside the United Kingdom, (ii) to investment professionals falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth companies, and (iv) other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i) to (iv) above together being referred to as “relevant persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

 This is an advertisement and not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the “Directive”) and/or Part IV of the Financial Services and Markets Act 2000. A prospectus has been prepared and made available in accordance with the Directive. Investors should not subscribe for any securities referred to in this advertisement except on the basis of information contained in the prospectus. Investors may obtain a copy of the prospectus on the website of Euronext Dublin.

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