Alteo Postpones Bond Issue

Energy Trade

Listed alternative energy company Alteo on Monday announced a decision to postpone the auction of a corporate bond "due to the volatile money and capital market situation", according to a report by state news wire MTI.

The auction of the HUF 7.5 billion bond, originally scheduled for October 18, was postponed "for a maximum of 20 days".

In September, the company announced its intention to launch a HUF 20 bln bond program to ensure resources to grow its business, finance working capital and boost security reserves to allow Alteo to react "with maximum flexibility" to future opportunities and challenges.

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