Business News

Petrol Gets over EUR 30M from Bond Issue

Ljubljana, 07 December (STA) - Energy company Petrol has successfully wrapped up its first ever issue of bonds on Friday. The total nominal value of the issue stands at EUR 30.16m, which slightly exceeds the target of EUR 30m. Petrol sees this as a sign of trust in $one of the biggest Slovenian companies$.

The purpose of the move was to diversify Petrol's funding sources and reduce exposure to bank lending, the company said.

The decision to issue bonds had brought Petrol a new basis of investors and confirmed investors' trust in the company, Petrol said in a press release published on the web site of the Ljubljana Stock Exchange.

The issue was carried out by the state-owned NLB bank.

The regular five-year bonds were offered primarily to qualified investors on the Slovenian market.

After Petrol obtains all the necessary clearances, the bonds will be listed at the Ljubljana Stock Exchange.

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