Alteo raises HUF 400m in bond issue

Debt

Hungarian energy supplier and trader Alteo on Tuesday said it raised HUF 400m in a private placement bond issue.

The zero-coupon bonds have a nominal value of HUF 500m. Yield on the bonds is 12.5%.

The issue is the second under Alteo’s HUF 2bn note programme announced in June 2011.

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