06.04.2022
Artikel Nummer: 40312
Fresh cash for Waberer's
The publicly listed Hungarian transport company Waberer's International has issued a EUR 111 million corporate bond in a private placement.
Proceeds from the fixed-rate, ten-year, amortised bond will be used to build a warehouse, to finance individual regional acquisitions, a renewal of the vehicle fleet and existing loans.
Waberer's informed the public about its plans via the Budapest stock exchange. 10% of the bond's principal will be amortised per year between the fifth and ninth year, and the remaining 50% in the tenth year. As the company's annual report shows, its current long-term credit and loans amounted to EUR 20.8 million at the end of 2021. (sh)