HANFA gives green light to Atlantic Grupa to release HRK 200 mln in bonds

The Croatian Financial Services Supervisory Agency (HANFA) has given the green light to Atlantic Grupa for a prospectus on issuing bonds via a public offer with a total value of HRK 200 million and to release the bonds at the Zagreb Stock Exchange regulated market.

The HANFA decision notes that Atlantic Grupa is approved a single prospectus regarding a public offer of bonds with a nominal value of HRK 1 for a single bond and a total nominal amount of HRK 200 million with a fixed interest rate payable semi-annually and with a maturity date of five years, to be released on the Zagreb Stock Exchange regulated market.

Atlantic Grupa reported the news on its web site after recently announcing that the funds received from the issue would be used to refinance obligations related to HRK 115 million in outstanding bonds listed on the Zagreb Stock Exchange on 20 September 2011 with a maturity date of 20 September 2016.

The remainder of funds collected would be used to finance working capital.

Atlantic Grupa appointed Erste&Steiermaerkische Bank, Raiffeisenbank Austria and Zagrebacka Banka as joint lead arrangers, underwriters and bookrunners for the issued bonds.

Last update: Mon, 13/06/2016 - 15:11
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