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)