Djingov, Gouginsky, Kyutchukov, and Velichkov has advised Blocks Group AD on a EUR 30.2 million ten-year secured bond issue, placed on April 12, 2021, and offered to a limited number of specific qualified investors. The anchor investor in the bonds is Bulgarian Development Bank AD.
Blocks Group AD is a rehabilitation and long-term care services provider operating in Southeast Europe. According to DGKV, the company will use the financing to expand its operations in Greece, Bulgaria, and Romania.
DGKV’s team was led by Partner Georgi Tzvetkov and included Senior Associate Gergana Monovska.