Autohellas: Common Bond Loan Oversubscribed by 2.3 times

Autohellas Group on Friday announced that a public offering of a common bond loan was oversubscribed by 2.3 times, with the offered amount reaching 453.46 million euros.

Two-hundred thousand common, registered, dematerialized, interest-bearings bonds with a duration of five years and a nominal value of €1,000 each were issued, with the offering available to institutional and private investors.

The universal yield reached 4.25% annually.

Autohellas Group is a major car services and trade sector company in Greece with subsidiaries in Portugal, Bulgaria, Cyprus, Romania, Serbia, Montenegro, Croatia, and Ukraine. According to its investor bulletin, the group manages a fleet of more than 57,000 vehicles and has a network of more than 160 service points in several countries, 50 of which are located at the largest airports in the countries where the company operates.

Source: tovima.com