Gorenje Launches EUR 50M Five-Year Bond Issue
Published on 1 october 2014The company is looking to diversify the long-term sources of financing, which are currently limited mainly to banks. The issue has been met with positive response from investors, Gorenje said.
The nominal value of the issue with a maturity on 10 October 2019 is EUR 50m, while the threshold has been set at EUR 10m. The annual interest rate has been fixed at 3.85%.
Gorenje will collect binding bids for the issue between 1 and 6 October, according to the press release.
With the bond issue, Gorenje has joined energy company Petrol and the NLB bank, which issued EUR 265m and EUR 300m worth of bonds without state guarantee in June.
In July, the appliance maker secured a EUR 55m syndicated loan from six banks and a five-year EUR 72m loan with the Austrian subsidiary of Russian VTB Bank.
Source: SloveniaTimes
Photo source: Studio-Habitat, Youtube
