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NEC Emits Bonds to Pay for Belene NPP
The Bulgarian Energy Holding (BEH) to pay a 55-million euro loan installment on May 23
The National Electric Company (NEC) will emit bonds in order to pay a 55-million euro installment on the loan of 250 million euro to a bank consortium led by BNP Paribas. The credit was drawn for payments to the Russian side for the purchase of equipment for the Belene NPP project. “Despite the attempts of Bulgaria’s cabinet to spread the payment on the credit by 1 year, at this stage only 4 of all 6 banks in the consortium agreed to do so,” Bulgaria’s minister of economy and energy Delyan Dobrev commented. The other two banks insist that Bulgaria should pay the due installments, as the sum of 55 million euro has to be paid on the maturity day, which is May 23. The National Electric Company, however, doesn’t have money to pay this installment, Minister Dobrev said flat. For six months ...Read
The Bulgarian Energy Holding (BEH) to pay a 55-million euro loan installment on May 23
The National Electric Company (NEC) will emit bonds in order to pay a 55-million euro installment on the loan of 250 million euro to a bank consortium led by BNP Paribas. The credit was drawn for payments to the Russian side for the purchase of equipment for the Belene NPP project. “Despite the attempts of Bulgaria’s cabinet to spread the payment on the credit by 1 year, at this stage only 4 of all 6 banks in the consortium agreed to do so,” Bulgaria’s minister of economy and energy Delyan Dobrev commented. The other two banks insist that Bulgaria should pay the due installments, as the sum of 55 million euro has to be paid on the maturity day, which is May 23. The National Electric Company, however, doesn’t have money to pay this installment, Minister Dobrev said flat. For six months ...Read
