October 4 (SeeNews) - Slovenian steel producer Slovenska Industrija Jekla (SIJ) has launched a pre-sale procedure on the capital market for the issue of a sustainable bond, it said on Wednesday.
SIJ is examining the possibility of issuing new securities upon maturity of its SIJ7 bonds to diversify long-term sources of financing, finance long-term investments in production technology and increase energy efficiency, the company said in a filing with the Ljubljana Stock Exchange.
Last month, SIJ said it is considering a sustainable bond issue in the first half of November and intends to start a pre-sale procedure to determine the interest of investors.
The steelmaker has authorised Nova Ljubljanska banka (NLB) to provide investment services related to the activities of the sale of the bonds.
SIJ Group is the largest vertically integrated steel producer in Slovenia and a leading exporter with a strong presence in 68 countries in Europe, North America, South America, Asia, Africa and the Middle East.