Business News

Petrol Completes EUR 33M Bond Issue

Ljubljana, 20 December (STA) - Energy group Petrol has completed a EUR 33m five-year bond issue to raise cash for investments and reprogramming of loans.

Petrol said Tuesday the issue of the paper with a fixed interest rate of 6.75% had surpassed expectations, as the group had been looking to raise EUR 30m.

The group said that the issue was confirmation of Petrol's strong financial standing and trust among investment circles.

The issue was targeted mostly at large domestic investors, according to the press release. The paper will be listed on the Ljubljana Stock Exchange.

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