Brief: Eltel Mulls Issuance Of Hybrid Capital Securities

Eltel AB

24/03/2023 12:07

March 24 (Reuters) - Eltel AB  ELTEL.ST :
    * TO INVESTIGATE PREREQUISITES FOR POTENTIALLY ISSUING
SUBORDINATED SUSTAINABILITY-LINKED HYBRID CAPITAL SECURITIES
UNDER ELTEL SLF FRAMEWORK
    * EXPECTED SIZE OF POTENTIAL ISSUE IS MINIMUM EUR 20 MILLION
AND
CERTAIN EXISTING SHAREHOLDERS HAVE INFORMED ELTEL THAT THEY
INTEND TO SUBSCRIBE FOR EUR 10 MILLION IN POTENTIAL ISSUE
    * NET PROCEEDS FROM SUCH ISSUE WOULD BE USED FOR PARTIALLY
REFINANCING CERTAIN EXISTING INDEBTEDNESS OF ELTEL AND TO
SUPPORT ELTEL'S EXPANSION WITHIN RENEWABLE ENERGY INFRASTRUCTURE
AND EFFORTS TO IMPROVE PROFITABILITY

Source text for Eikon:  ID:nWkr3YPDBf 
Further company coverage:  ELTEL.ST 

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