ENERGO-PRO a. s. issued EUR 370,000,000, 4.00 per cent. Guaranteed Notes due 2022, listed on the Irish Stock Exchange, guaranteed by issuer’s subsidiaries including the Bulgarian ENERGO-PRO VARNA EAD. Our capital markets practice had the opportunity to assist the process acting as a legal advisor of the joint bookrunners Citigroup Global Markets Limited and J.P. Morgan Securities plc; the joint lead managers Citigroup and J.P. Morgan, Banca IMI S.p.A, Komerční banka a.s. and UniCredit Bank AG and Citibank, N.A London Branch as the trustee of the holders of the Guaranteed Notes as to the Bulgarian law, including with respect to the redemption of the EUR 130,000,000 domestic bonds previously issued by ENERGO-PRO VARNA EAD. The bonds were successfully sold to a wide mass of investors across Europe, with an orderbook in excess of EUR 800 million. Ina Raykova, highly experienced capital markets associate was the key lawyer involved. She was assisted by Petar Dyankov, associate, within the team led by Georgi Spasov, Managing Partner. More information about our extensive capital market expertise is available on demand.
The first transformation of an existing Bulgarian capital company into a company with variable capital – a recently adopted by the legislator new form of company – is a already