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.