May 3 (SeeNews) - Slovenian white goods manufacturer Gorenje [LJE:GRVG] said on Wednesday it will offer to investors a new issue of commercial paper valued at approximately 40 million euro ($43.7 million) to improve its finances.
The start of the interest accrual date will be May 11, while the corporate notes will mature on May 11, 2022, Gorenje said in a filing to the Ljubljana bourse.
The fixed coupon rate for the notes shall be 2.45% p.a.
"Actual issue of notes will depend on actual subscription and payment of the notes by potential investors", Gorenje noted. "The notes will be offered to invited investors in Slovenia and in other EU member countries, pursuant to the relevant legislation, based on exemptions from the publication of a securities offering prospectus."
In January, Gorenje said it has successfully completed the offering of commercial paper with a total nominal value of 40 million euro and 1.30% interest rate.
($=0.915873 euro)