May 21 (SeeNews) - Slovenian hotel operator Union Hoteli [LJSE:GHUG] said it is examining the possibility of issuing bonds with the aim of diversifying its long-term sources of financing.
Union Hoteli has hired Nova Ljubljanska Banka (NLB) to help it organise the market research and the possible issuance of the debt paper, it said in a statement with the Ljubljana bourse on Wednesday.
The decision on the issuance, and the exact nominal value of the bond and its interest rate will be determined by the market conditions and the investor interest, the statement read.
Union Hoteli has reported earlier that its consolidated net profit rose 14% to 4.44 million euro ($4.88 million) in 2019.
The company's shares last traded on the Ljubljana bourse on May 6, closing at 15.10 euro, bourse data showed, without providing details on the price change.
The Union Hoteli group operates the Grand Hotel Union, the Grand Hotel Union Business, the Hotel Lev and the Central Hotel, located in the centre of Slovenia's capital Ljubljana.
($=0.910306 euro)