Business News

Petrol Aiming to Get to EUR 30M through Bond Issue

Ljubljana, 23 November (STA) - Energy company Petrol decided on Thursday to issue EUR 30m-worth of regular five-year bonds to diversify its funding sources and reduce exposure to bank lending, the company said on Friday.

The estimated bond issue comprises 30,000 bonds with a denomination of EUR 1,000, but the company reserves itself the right to adapt the estimated total nominal value higher or lower.

The bonds, which mature in December 2017, will have a fixed annual interest rate of 6% and will be offered mainly to qualified investors.

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