ADVERTISEMENT

Waberer's issues EUR 111 mln bond

Transport

Listed Hungarian hauler Waberer's International on Friday announced the issue of a EUR 111 million corporate bond in a private placement, according to a report by state news wire MTI.

Proceeds from the fixed-rate, 10-year, amortized bond will be used to build a warehouse, finance regional acquisitions, and fleet replacement, and refinance existing loans, Waberer's said in a disclosure posted on the website of the Budapest Stock Exchange.

10% of the bond's principal will be amortized per year between the fifth and ninth year, and the remaining 50% in the 10th year.

Waberer's had long-term credit and loans of EUR 20.8 million at the end of 2021, the company's annual report shows.

ADVERTISEMENT

Household income improved in Q1 Analysis

Household income improved in Q1

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.