Bulgarian steelmaker Kremikovtzi announces €300 million corporate bonds

By Paul A. Harris

St. Louis, March 15 - Kremikovtzi AD, Bulgaria's largest steel company, announced in a filing with the Bulgarian Stock Exchange that it plans to make a €300 million offering of corporate bonds.

The filing added that the company has started negotiations with a leading international financial intuition to manage the deal, but it did not identify that institution.

Proceeds will be used to fund capital expenditures and planned investments for making the company environmentally friendly, as well as to repay debt and for general operational and business purposes.

The company has headquarters in Sofia, Bulgaria.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.