Bulgarian Telecommunications Company EAD successfully completes its debut bond issue; Tsvetkova Bebov & Partners advising the initial purchasers under Bulgarian law

20 December 2013

After advising BNP Paribas, HSBC and Raiffeisenbank International AG on Bulgarian law concerning the banks’ underwriting role for the EUR 950,000,000, 4.25% Eurobonds issued by the Republic of Bulgaria in July 2012, Tsvetkova Bebov & Partners is proud to have participated in another international bond transaction, the debut Eurobond offering by the Bulgarian Telecommunications Company EAD ("BTC" or "Vivacom"), one of the leading telecom operators in Bulgaria.

 

BTC issued in November 2013 EUR 400,000,000 6.625% Senior Secured Notes due 2018. We advised the initial purchasers, Credit Suisse, VTB Capital, Barclays, Deutsche Bank, and Societe Generale, as well as the security agent, U.S. Bank Trustees Ltrd. as to matters of Bulgarian law.