UNI - EN REPORT No10/2014
Interest in Gorenje's commercial paper higher than expected
In accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Ljubljana Stock Exchange Rules, and the applicable legislation, the company Gorenje, d.d., is publishing the following announcement:
On March 25, 2014 the company Gorenje, d.d., successfully issued 9-month commercial paper with a total face value of EUR 35 million and interest rate of 4 percent. Interest in Gorenje's commercial paper was higher than expected, indicating investor confidence enjoyed by Gorenje. By issuing the commercial paper, Gorenje is diversifying its short-term debt and managing the interim oscillations in free cash flow generation.
Total issue includes 35,00o notes with denomination of EUR 1,000. Received binding subscription offers for commercial paper with the code GRV02 exceeded the planned total issue value (EUR 25 million) by 40 percent.
Commercial papers will be issued in the central register of the KDD Central Securities Clearing Corporation, and they will be freely transferable.
Commercial papers were issued through a public offering for which the rules on publication of a prospectus and other rules and regulations regarding public offerings of securities as stipulated in Chapter 2 of the Financial Instruments Market Act do not apply.
Gorenje offered its first issue commercial paper last year, with total face value of EUR 24.2 million.
All services and activities regarding the organization and progress of the first offering of commercial paper in dematerialized form, registration with the central register of KDD, and listing in the regulated market are rendered for Gorenje by ALTA Invest, investicijske storitve (Investment services), d.d.
Disclaimer: The English text for all announcements is for information purposes only!
The information of this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, www.gorenje.com, at least 5 years from the date of the announcement.
Gorenje, d.d., Management Board