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06 December 2022
Academic publication

The Acquisition and Leveraged Finance Review - Edition 9: Chapter Bulgaria

Today's complex geopolitical situation is affecting the Bulgarian financial sector. In addition to overlapping economic, energy and health crises internationally, the domestic political environment in Bulgaria has been fraught as well, with four snap parliamentary elections having been held in the past 18 months. Despite these difficulties a notable new trend in acquisition financing with respect to renewable energy projects is the use of green bonds. This is driven by the entry on the market of foreign lenders structured as alternative investment funds that are prohibited from extending classic loans but may invest in bonds issued by corporate borrowers.

Read a brief overview of the legal framework regarding acquisition financing in Bulgaria.


authors: Tsvetan Krumov, Kristina Lyubenova, Milena Gabrovska, Katerina Tsoncheva