Atlantic Grupa released a statement yesterday in which they announced that they have successfully raised HRK 300m through their new bond issuance.  

Late last month Atlantic Grupa invited investors to subscribe to their new bond issue which was planned in the amount of up to HRK 300m. Yesterday they announced that the offer was fully filled.  Furthermore, it seems that Atlantic Grupa’s positive market performance has clearly awoken investor’s interest as the amount subscribed amounted to HRK 407.1m.

The new bond matures in 2025 and has a yield of  0.878% with a fixed interest rate of 0.875% paid semi-annually.

Note that the new bond will be used to refinance the company’s HRK 200m bond which will be redeemed early. The bond was issued back in June 2016 at 3.135% yield with an annual coupon of 3.125% and a semi-annual payment of interest. This would translate to an annual interest expense of HRK 6.4m.