July 26, 2019 / 1:04 PM / 4 months ago

Fortenova Grupa approves 4-year bond worth up to 1.2 bln euros

SARAJEVO, July 26 (Reuters) - Croatian food company Fortenova Grupa said on Friday that more than 80% of its shareholders have supported the issuance of a four-year bond worth up to 1.2 billion euros ($1.34 billion).

The bond is aimed at financing a 1.1 billion euro liquidity loan the firm, formerly known as Agrokor, took two years ago to avoid bankruptcy, the company said in a statement.

The interest rate will be 7.3 percent plus Euribor, while arrangers will be led by U.S. fund HPS Investment Partner and concluded by the end of August, Fortenova said. ($1 = 0.8984 euros) (Reporting by Daria Sito-Sucic; Editing by Ivana Sekularac)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below