Kozloduy Nuclear Power Plant secured a new overdraft facility for BGN 50 million

Kozloduy Nuclear Power Plant has signed an agreement with the small International Asset Bank to secure an overdraft facility of up to BGN 50 million. This is clear from the Public Procurement Register, where the agreement with the financial institution has already been uploaded.

The bank, which ranks 12th in the country in terms of assets, has provided the revolving credit facility for a period of one year, with the option of extension after July 30, 2026. The nuclear power plant can draw on the overdraft at a fixed interest rate of 2.95% for the entire term of the agreement.

It is stated that the money will be used for “current needs related to the company's activities, without presenting expense documents.”

This is not the first time that the nuclear power plant has used an overdraft facility; the company has used such loans several times over the past 10 years. These types of loans help finance urgent expenses for a short period of time.

Translated with DeepL.