November 23 (SeeNews) - Croatian blue-chip consumer goods distributor Atlantic Grupa [ZSE:ATGR] said it decided to issue five-year bonds worth up to 300 million kuna ($47 million/40 million euro) and list them on the official market of the Zagreb Stock Exchange (ZSE).
The bonds will be offered at a fixed annual interest rate with a semi-annual payment of the interest, Atlantic said in a statement last week.
The interest rate was not disclosed.
Each bond will have a nominal value of 1,000 kuna.
Last month, the group said that it hired local lenders Erste&Steiermarkische Bank, OTP Banka, Privredna Banka Zagreb, Raiffeisenbank Austria, and Zagrebacka Banka to act as agents of the planned issue.
Atlantic Grupa last sold 200 million kuna worth of five-year bonds in June 2016, at an annual interest rate of 3.125%. The securities are listed on the ZSE.
The company's shares traded 1.45% higher at 1,400 kuna on the ZSE by 1032 CET on Monday.
Atlantic Grupa is a regional distributor of fast-moving consumer goods and a producer of functional foods and supplements. It also owns a pharmacy chain in Croatia.
(1 euro = 7.55476 kuna)