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Slovenia's SIJ sells 30 mln euro in 1-yr commercial papers

Author Radomir Ralev
Slovenia's SIJ sells 30 mln euro in 1-yr commercial papers Author: SIJ. License: All rights reserved.

LJUBLJANA (Slovenia), December 13 (SeeNews) - Slovenian steel producer Slovenska Industrija Jekla (SIJ) has sold 30 million euro ($34 million) worth of one-year commercial papers, it said.

The securities were sold at an annual interest rate of 0.95% and will mature on December 10, 2022, SIJ said in a statement on Friday.

The company will use the proceeds to optimise costs and diversify short-term financing sources, the statement read.

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%, 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.

($ = 0.88305 euro)

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