Thursday
19 July 2018
ADVERTS

Paperpack is to issue 6,5M bond

12 July 18 - RE+D Magazine
Paperpack is to issue 6,5M bond

COMPANIES

Savills

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Paperpack ABEE on Wednesday announced that an extraordinary general shareholders' meeting approved a board plan to issue a common bond loan worth up to 6.5 million euros.

 

The 10-year bond will carry an interest rate of a maximum 3-month Euribor plus a 3.0 pct margin.

The proceeds from the loan will be used to finance the purchase of a real estate property and the relocation cost to the company's new premises.

The shareholders' meeting also approved a plan to pay a extra dividend of 0.20 euro per share (0.17 euro net).

 

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