Blocks Group has successfully completed a 10-year bond issue of €30.2 million with lead manager Sofia International Securities

Blocks Group AD has successfully completed a 10-year bond issue of €30.2 million, with Sofia International Securities acting as lead manager and trustee, and Bulgarian Development Bank as co-manager of the issue. The transaction represents a critical step forward for Blocks in financing its further expansion in Greece, Bulgaria and Romania.

The instrument is a senior secured bond with 10-year maturity and a coupon of Euribor plus 3.5%. The bond is supported by leading financial institutions such as the Bulgarian Development Bank and Allianz Group pension funds managed by Allianz Bulgaria Pension Company.

Blocks Founder and CEO Ilian Grigorov said: “We are very pleased, not only that we have secured the funding for our ambitious investment program in the region, but also that we did it during such turbulent and uncertain times. This is an attestation of the trust of the investors in our company, our business model and our execution skills.  The bond will help us solidify our position as the leading long-term care and rehabilitation operator in Southeast Europe and particularly our core markets, Greece, Bulgaria and Romania.”

About Blocks Group:

Blocks was founded in 2018 with the purpose of developing a platform for investing in rehabilitation and long-term care services in Southeast Europe. It operates under the umbrella brand Blocks and several other brands incl. Blocks Rehabilitation, Blocks Senior Living, Blocks Memory Care, Blocks Hospice and Blocks Homecare and Filoktitis.

For more info: Kliment Yonchev

Media and public relations

+359 896772901


10 year amortizing secured bond issue of

Size: EUR 50 mln with 6M EURIBOR + 3.50% p.a. private institutional placement with subsequent listing

Issuer:  Blocks Group Bulgaria AD – leading hospice service provider in the region

Co-manager Bulgarian Development Bank

Paying agent – Unicredit Bulbank