The state bank is the leading manager of the specially created bank syndicate, in which also take part the first-class foreign megabanks Dexia Kommunalkredit , Vienna and Depfa Bank, London.
The resources from the issue will be used for the repairing of goods-wagons, with which BSR will be able to respond to the increased demand for railway freight transport and will be used as well for restructuring of old liabilities of the state railway company. The maturity of the bond issue is 10 years with a 2 year grace period. The issue will be organized under the conditions of a private placement.
It is expected that the procedure for the preparation of the necessary documentation and the bond subscription to be finalized in a period of two months.
The three banks will organize a series of presentations to Bulgarian and foreign investors in order to familiarize a broader audience of interested parties with the terms of the bond issue.
The organization and the sale of the bond issue will be completed without any costs for BSR
