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Gorenje Raises EUR 35M with 9-Month Commercial Paper

Ljubljana, 26 March (STA) - Homa appliance maker Gorenje has raised EUR 35m in an issue of 9-month commercial papers on Tuesday as part of efforts to diversify sources of financing.

The paper was sold at a 4% interest rate, Gorenje said in a statement posted on the Ljubljana Stock Exchange, adding that demand outstripped supply.

This is the second issue of commercial papers for the Velenje-based group, after it raised EUR 24.2m with an eight-month commercial paper in April 2013. The interest rate then was 4.45%.

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