March 18 (SeeNews) - Bulgarian thermal power plant (TPP) Bobov Dol said on Monday that it is seeking the approval of the holders of its second bond issue to extend its maturity by three years to April 15, 2022.
TPP Bobov Dol intends to repay the principal amount of the bond, totalling 2.5 million levs ($1.5 million/1.3 million euro), via a single payment on the maturity date, the plant said in an invitation for a bondholders meeting.
All other parameters will remain unchanged.
TPP Bobov Dol shareholders will vote on the proposal at a meeting scheduled for April 3.
Earlier this year, TPP Bobov Dol extended the maturity of its first bond issue, with a total face value of 3.5 million levs, by three years to April 2022.
TPP Bobov Dol, established in 2000, is a coal-fired power plant located in the Kyustendil region, in southwestern Bulgaria, with an installed capacity of 630 megawatts. In 2008, the government sold Bobov Dol TPP to local consortium Energy MK, which remains its sole owner.
(1 euro = 1.95583 levs)