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.

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