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Slovenia's SIJ considering commercial paper issue

Author Radomir Ralev
Slovenia's SIJ considering commercial paper issue Author: Sij. Licence: All rights reserved.

LJUBLJANA (Slovenia), November 15 (SeeNews) - Slovenian steel manufacturer Slovenska Industrija Jekla (SIJ) is considering a commercial paper issue to optimise financing costs and diversify short-term sources of financing, the company said.

SIJ will launch a pre-sale procedure on the capital market and the commercial papers will be issued in the first half of December 2021, depending on investor interest, SIJ said in a filing with the Ljubljana Stock Exchange on Friday.

The company authorised Nova Ljubljanska Banka (NLB) to assess investor interest and provide investment services.

SIJ recorded a net revenue of 714.6 million euro ($818.3 million) 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%, the steel producer said.

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

($ = 0.8733 euro)

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