Ljubljana, 25 November (STA) - SIJ, Slovenia's largest steelworks, extended on Monday an existing issue of sustainable bonds by EUR 22.1 million based on investor interest, bringing the total issue of SIJ8 bonds, with a maturity date on 2 November 2026, to EUR 41.1 million. SIJ also paid off its SIJ6 bonds today, the company said.
By extending the SIJ8 bond issue, SIJ has "reaffirmed investors' confidence in its business model despite the challenging market conditions facing the European steel industry", SIJ said in a press release.
Due to the extension of the bond issue, trading on the Ljubljana Stock Exchange was temporarily suspended last Friday for the existing SIJ8 bonds. SIJ will prepare a catalogue for the listing of the additional SIJ8 bonds on the Ljubljana Stock Exchange and will submit a request for its approval to the Securities Market Agency.
After the agency gives its approval, trading in all the issued SIJ8 bonds will resume, the statement said.
SIJ also announced today that it has fully repaid the principal and interest of the SIJ6 bonds with a nominal value of EUR 48 million at maturity.
