December 19 (SeeNews) - Bulgaria's government said that it has extended state-owned railway company BDZ Holding's deadline to repay the 62 million levs ($35.9 million/31.7 million euro) it received from the country by three months, to March 31, 2020.
BDZ Holding used the majority of the funds - 42 million levs, to repay obligations to the National Revenue Agency, while the remaining 20 million levs were spent on obligations stemming from the company's second bond issue, the government said in a statement following its weekly meeting on Wednesday.
BDZ Holding received the funds in August 2017 and was supposed to repay them by the end of 2018. The deadline was subsequently extended to the end of 2019.
(1 euro = 1.95583 levs)