INVITATION FOR PROVIDING A FINANCIAL SERVICE

BULGARTRANSGAZ EAD has published an announcement for the submission of tenders for providing a financial service “Financing”, e.g. bank financing in the form of a collateralised loan to finance Bulgartransgaz EAD investment costs .

Deadline for offers' submission is 17:00 on 17.10.2019.

You can download the invitation along with its attachments in WORD from here.

You can download the framework contract from here

EXPLANATION TO THE INVITATION TO SELECT FINANCIAL INSTITUTIONS, REGARDING THE CONDITIONS OF ELIGIBILITY:

In item 4 the following explanation is made:

In relation to the interest shown by international financial organizations in participating in the financing procedure, Bulgartransgaz EAD makes the following clarification regarding the eligibility criteria in the procedure:

Eligible candidates, apart from credit institutions that meet the requirements of p. 4 (a) (b) (c) of the Call for Proposals for Financing Service, ie. bank financing in the form of a collateralised loan to finance the investment costs of Bulgartransgaz EAD, are those with the status of international financial organizations operating on the territory of Bulgaria on the basis of concluded and ratified intergovernmental agreements to which the Republic of Bulgaria is a party.

EXPLANATION TO THE INVITATION TO SELECT FINANCIAL INSTITUTIONS, REGARDING THE CONCLUSION OF THE CONTRACT:

For the first 6 months, starting from the date of concluding a specific loan agreement, Bulgartransgaz EAD does not foresee an early repayment of the loans.
 
ADDITIONAL INFORMATION:
 

Оn 01.10.2019, a regular meeting of the Board of Directors of Bulgarian Energy Holding EAD was held, at which a decision was made under item I.1.1. of Protocol No. 64-2019 / 01.10.2019 for the increase of the capital of Bulgartransgaz EAD, pursuant to Art. 197 of the Commercial Law, with BGN 350 994 900 representing undistrubited profit from previous years by issuing BGN 350 994 900 new ordinary registered voting shares with nominal value of BGN 1 each. The capital increase of Bulgartransgaz EAD is approved by the Minister of Energy of the Republic of Bulgaria with Protocol No. Е-РД-21-20 / 02.10.2019 on the grounds of Article 20, paragraph 2, item 12 of the Statute of „Bulgarian Energy Holding".

On 11.10.2019 the capital increase is registered in the Commercial Register of Bulgaria, with the increased capital of Bulgartransgaz EAD amounting to BGN 1 225 519 155, divided to 1 225 519 155 ordinary registered shares with the right to voice and with a nominal value of BGN 1 each.

Information regarding the  current amount of equity capital of Bulgartransgaz EAD can be found at the following link:

https://public.brra.bg/CheckUps/Verifications/ActiveCondition.ra?guid=8b1c007168d94cd69168d2454e908748