Alteo sells HUF 925 mln of bonds in private placement

Deals

Hungarian energy supplier and trader Alteo today said it sold five-year zero-coupon bonds with a nominal value of HUF 925 mln in a private placement. The corporate bonds have a yield of 7.5%.

Alteo will use the proceeds from the sale to fund acquisitions. It aims to close 1-3 such transactions in the coming twelve months, said CEO Attila Chikan Jr.

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