"Atlantic Group" issue bonds worth 15.5 million euros

Source: Beta Tuesday, 30.08.2011. 11:38
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The Croatian company Atlantic, the owner of Soko Stark and Grand Prom, plans to refinance its corporate bonds worth 115 million kunas (15.5 million) which mature in December, with the new five-year issue of equal value .

The presentation of the new bonds to investors is scheduled for the 7th September, as the business sites broadcast.

Issuance of new bonds will be conducted as a public offering to investors who will pay an amount of at least EUR 50.000 for each individual bid for the subscribed securities to the kuna equivalent.

Interest on existing bond of Atlantic Group issued in 2006 was 5.75% per year, while the interest on the new bond will be determined later, depending on the interests of investors and the benchmark interest rate trends, the company noted.

Croatia Atlantic Group bought Droga Kolinska a year ago, thus becoming the owner of Serbian Soko Stark, Grand Prom and Palanački kiseljak.

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