Bulgaria’s Enemona transfers receivables worth 15.3 mln euro to EESF under a cession deal

The framework agreement signed on December 11 transfers Enemona’s receivables arising from seven engineering contracts for the implementation of energy efficiency measures in several public buildings across the country, Enemona said in a statement filed with the Bulgarian Stock Exchange on Wednesday.

The receivables were purchased with the proceeds from a loan signed between the EESF and the European Bank for Reconstruction and Development.

All receivables have to be redeemed within 8 years following the date of the transfer contract, the statement added.

The EESF is Bulgaria's first private fund supporting energy-saving measures in publicly-owned buildings.

(1 euro=1.95583 Bulgarian levs)