Clifford Chance and Tsvetkova Bebov & Partners, member of Eversheds Sutherland, advised the Republic of Bulgaria on its dual-tranche EUR 2.3 Billion sovereign bond issuance under Bulgaria’s GMTN Programme
13 November 2023
Clifford Chance, as global legal counsel, and Tsvetkova Bebov & Partners, the Bulgarian office of Eversheds Sutherland, as local counsel, advised Bulgaria on yet another successful sovereign DCM transaction. The Republic issued in November 2032 two RegS-only tranches under its 2015 EUR 14 billion GMTN programme – one for EUR 1.3 billion, maturing in 2031 and one for EUR 1 billion maturing in 2036. The tranches are listed on the Luxembourg Stoch Exchange.
The Clifford Chance team was led by Partner Deborah Zandstra and Senior Associate Eric Green, and included others lawyers. The Tsvetkova Bebov & Partners team included Managing Partner Nikolay Bebov, Partner Damyan Leshev, and Senior Associate Petar Ivanov.