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Bulgaria's Primagaz planning to seek 1.4 mln euro loan

Author Mario Tanev
Bulgaria's Primagaz planning to seek 1.4 mln euro loan Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), October 18 (SeeNews) - Bulgarian gas supplier Primagaz said on Friday that it is planning to seek a loan of up to 2.8 million levs ($1.6 million/1.4 million euro) at an interest rate of up to 4.2% to finance its investment programme and refinance outstanding obligations to UniCredit Bulbank.

Primagaz intends to repay the loan within up to 15 years, the company said in a statement.

The company's shareholders will vote on the proposal at a general meeting scheduled for November 20.

(1 euro = 1.95583 levs)

 

 

 

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