Brief: Arco Vara Says Is Planning A Bond Issue

Arco Vara AS

13/12/2018 12:33

Dec 13 (Reuters) - Arco Vara AS  ARC1T.TL :
    * REG-ARCO VARA IS PLANNING A BOND ISSUE
    * SAYS VARA PLANS TO ISSUE UNSECURED BONDS IN MAXIMUM AMOUNT
OF 2
MILLION EUROS WITH MATURITY DATE NO LATER THAN 31.12.2020
    * SAYS BONDS MAY BE ISSUED IN SEVERAL TRANCHES. PLANNED
INTEREST
RATE IS UP TO 12% PER ANNUM AND INTEREST PAYMENTS WILL BE MADE
QUARTERLY.
    * SAYS BOND ISSUE WILL BE MADE IN ACCORDANCE WITH SECURITIES
MARKET ACT §12 (2) 2) AND IS NOT PUBLIC.
    * SAYS PROCEEDS OF BOND ISSUE WILL BE USED FOR REFINANCING
EXISTING LOAN OBLIGATIONS AND FINANCING REAL ESTATE DEVELOPMENT
PROJECTS IN ESTONIA AND BULGARIA.

Source text for Eikon:  ID:nGNE3Bzyn 
Further company coverage:  ARC1T.TL 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))