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E-Star Alternative wraps up bond program

Hungarian energy service company E-Star Alternative on Friday said it successfully closed a HUF 10 billion bond program.

E-Star closed the program with the issue of HUF 459 million of ESTAR 2015/A bonds.

"The proceeds of the current issuance will support the company's international extension, fostering its growth strategy and perspectives," E-Star said.

E-Star closed in July the acquisition of Polish peer EETEK for €21 million.