The firm acted on the issue of up to EUR 80 million exchangeable bonds by Chimimport AD – the second largest Bulgarian listed company. On August 22, Chimimport AD successfully closed the issuance and placement of EUR 65 million seven year secured bonds exchangeable for its ordinary shares listed on the Bulgarian Stock Exchange. At the option of Chimimport, the issue size can be further increased up to EUR 15 million at the terms fixed at pricing. UniCredit Market & Investment Banking (acting through Bayerische Hypo und Vereinsbank) acted as Sole Bookrunner on the transaction.
Borislav Boyanov & Co. acted as Bulgarian legal adviser to UniCredit Market & Investment Banking, UniCredit Bulbank (as Local Agent) and The Bank of New York Mellon as a Trustee for the Bondholders.