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Bulgaria's Solar Logistic seeks admission to trading of 12.8 mln euro bond

Author Mario Tanev
Bulgaria's Solar Logistic seeks admission to trading of 12.8 mln euro bond Author: Capman Green Energy Fund / All rights reserved.

SOFIA (Bulgaria), August 9 (SeeNews) - The Bulgarian Stock Exchange said on Friday that it has received a request for admission to trading of an eight-year 25 million levs ($14.5 million/12.8 million euro) bond issued by local Solar Logistic, previously known as Sevko Bulgaria.

The issue, due in January 2027, consists of 25,000 bonds with a nominal value of 1,000 levs each, the stock exchange operator said in a notice.

Solar Logistic issued the bonds to fund acquisitions of renewable energy projects. 

Earlier this year, the company acquired two solar parks with installed capacity of 197.4 kW each for a total of 684,000 euro.

In December 2018, Capman Green Energy Fund acquired 100% of Sevko Bulgaria from local diversified group Holding Nov Vek [BUL:6N3] for an undisclosed price. Sevko Bulgaria was subsequently renamed to Solar Logistic.

(1 euro = 1.95583 levs)

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