By Wendy Van Sickle
Columbus, Ohio, Oct. 20 – AS Elko Group issued €8 million of 8% bonds due Oct. 16, 2018 in an offering that closed on Oct. 14, according to a press release.
The minimum subscription was €100,000. The bond issue was arranged by Baltikums Bank AS.
The bonds were purchased by pension funds, investment funds, banks and high net worth individuals in the Baltics and Poland, according to Jânis Dubrovskis, head of the investment origination department at Baltikums Bank.
Proceeds will be used to finance growth and development.
The wholesaler of products and provider of services for the information technology industry is based in Riga, Latvia.
| Issuer: | AS Elko Group
|
| Issue: | Bonds
|
| Amount: | €8 million
|
| Maturity: | Oct. 16, 2018
|
| Coupon: | 8%
|
| Manager: | Baltikums Bank AS
|
| Settlement date: | Oct. 14
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
