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)