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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