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Bulgarian lender DSK gives 58 mln euro short-term loan to Czech Energo-Pro local unit

Bulgarian lender DSK gives 58 mln euro short-term loan to Czech Energo-Pro local unit Author: Klearchos Kapoutsis. Licence: Creative Commons.

SOFIA (Bulgaria), June 22 (SeeNews) - Bulgaria's second biggest lender DSK Group said on Wednesday it has extended a 114 million lev ($65.8 million/58.2 million euro) short-term loan to Energo-Pro Varna, a unit of Czech power group Energo-Pro.

The loan has a floating interest rate equal to the one-month Sofibor plus 1.30% annually, DSK told SeeNews in an email.

The financing has been provided for a 6-month period and the company has pledged its assets as a collateral.

According to a report by local Capital Daily, the loan will be used for refinancing of old debt.

Energo-Pro Varna is an electricity distribution and power supply company and generator of electricity from renewable energy sources. It provides distribution and electricity supply services in northeastern Bulgaria.

(1 euro=1.95583 levs)

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