International banks to finance the Bulgarian Energy Holding

Citibank and Deutsche Bank have declared their readiness to provide a EUR 250m loan to the Bulgarian Energy Hodling, while applicants for Deutsche Bank and Citi Group have a loan of up to EUR 250 M to the Bulgarian Energy Holding (BEH), according to a media statement posted on the website of BEH.
Regarding BEH's other option to raise funds via bond issue, six candidates have filed documents to become investment consultants on the structuring and placing of the bond issue of the deal, including Goldman Sachs, Citi Group, a consortium of JP Morgan and First Financial Brokerage House (FFBH), Deutsche Bank, Societe Generale and HSBC.
Ten candidates have submitted documents for the provision of legal services in relation to the the bond issue, of which eight were found to match the criteria: White & Case LLP, Herbert Smith Freehills, Latham & Watkins LLP, Clifford Chance LLP, Ashurst LLP, Allen & Overy LLP, Cleary Gottlieb Steen & Hamilton LLP и Freshfields Bruckhaus Deringer LLP.
BEH is to choose which scenario it will go with as soon as possible, since money has to be provided for the payment of a EUR 195m loan of the National Electricity Company, due in May.