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Slovenian steel maker SIJ to issue additional 2023, 2024 bonds by end-year

Author Radomir Ralev
Slovenian steel maker SIJ to issue additional 2023, 2024 bonds by end-year Author: SIJ. License: All rights reserved.

LJUBLJANA (Slovenia), December 17 (SeeNews) - Slovenian steel producer Slovenska Industrija Jekla (SIJ) plans to issue, by the end of the year, additional amounts of its five-year SIJ6 and three-year SIJ7 bonds maturing in 2024 and 2023, respectively to diversify long-term sources of financing, it said on Friday.

By issuing additional SIJ6 and SIJ7 bonds the company also aims to finance long-term investments in production technology, including environmental protection and energy efficiency technology, and improve the maturity structure of existing loan obligations, SIJ said in a filing with the Ljubljana Stock Exchange.

The company issued the SIJ6 bonds with a total nominal amount of 40 million euro ($45.3 million) on November 25, 2019. The SIJ7 bonds worth 26.1 million euro were issued on February 11, 2020.

SIJ recorded a net revenue of 714.6 million euro in the first nine months of 2021, up 34.2% on the year, while EBITDA margin grew by 4.4 percentage points to 10.3%, it said.

SIJ is the largest vertically integrated metallurgical group in Slovenia. Its products hold leading positions on European and global niche steel markets.

($ = 0.88305 euro)

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