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

More from Business

Financial leaders in Davos optimistic about US, but see trade risk

The US economy will likely profit from the planned policies of its new president, as long as Donald Trump does not...

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...