Gen-I issues EUR 40m of commercial papers and bonds
In a release posted on the website of the Ljubljana Stock Exchange, Gen-I said that both issues had been received well by investors with the value of binding bids surpassing the planned amount of borrowing.
A total of 12 investors subscribed for the entire issue of commercial papers, which will be traded on the Ljubljana Stock Exchange. The paper's annual interest rate is 1.40%.
The bond issue with the interest rate of 2.40% was bought by five investors.
With the move, Gen-I dispersed financing sources between banks and institutionalised investors.
Both instruments were issued in a public offering procedure to which the rules on the publication of prospectus do not apply.
The issue of commercial papers has been organised by brokerage Ilirika, while NLB bank has been commissioned to arrange the bond issue.