Bulgaria's FSC asks Solar Logistic for more info on bond listing prospectus

Bulgaria's financial regulator said that it has asked local Solar Logistic, previously known as Sevko Bulgaria, to provide further information and documents regarding its request for approval of a prospectus for admission to trading of a bond issue on a regulated stock exchange market. The Financial Supervision Commission did not provide further details in its statement, published on Thursday. In January, Solar Logistic issued an eight-year 25 million levs ($14.5 million/12.8 million euro) bond to fund acquisitions of renewable energy projects. Subsequently, Solar Logistic acquired two solar parks with installed capacity of 197.4 kW each for a total of 684,000 euro. In December 2018, Capman Green Energy Fund acquired 100% of Sevko Bulgaria from local diversified group Holding Nov Vek [BUL:6N3] for an undisclosed price. Sevko Bulgaria was subsequently renamed to Solar Logistic.