Forthnet closes convertible bond issue of EUR 70 mln

Wednesday 12 October 2016 | 15:32 CET | News
Forthnet  raised a total amount of EUR 70 million through a convertible bond issue, with bonds valued at EUR 28 million remaining unsubscribed. The bonds were issued as agreed under its refinancing deal with lenders in June. Forthnet said it will seek to place the remaining bonds with institutional investors if the issue is not completely subscribed by shareholders. Existing shareholders had pre-emptive rights on the issue, which will run for nine years and carry interest of 1 percent a year. Forthnet said will devote the large majority of the proceeds to paying off existing debt and the

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Categories: General
Companies: Forthnet
Countries: Greece
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