By Susanna Moon
Chicago, July 11 – AS Baltika said it plans to price €4.5 million of 6% two-year convertible bonds in a public offering in Estonia.
The company will offer 900 bonds with an issue price of €5,000, according to a company announcement.
The bonds are exchangeable for Baltika shares at the end of the bond term.
Holders may subscribe for 15,625 shares at a subscription price of €0.32.
The offer will open at 3 a.m. ET on July 14 and close at 7 a.m. ET on Aug. 16.
The company's shareholders registered as of 1 a.m. ET on July 14 be given the preemptive right to subscribe for the bonds.
AS LHV Pank is the agent.
Paper form subscription applications may be sent to AS LHV Pank Tartu mnt 2, Tallinn. Digitally signed applications may be e-mailed to markimine@lhv.ee. The subscription application can be downloaded at baltikagroup.com.
Baltika is a Tallinn, Estonia, fashion retailer that designs, manufactures and distributes its five retail brands in Central and Eastern Europe.
| Issuer: | AS Baltika
|
| Issue: | Convertible bonds
|
| Amount: | €4.5 million
|
| Maturity: | Two years
|
| Coupon: | 6%
|
| Agent: | AS LHV Pank
|
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