Pursuant to the provisions of the Ljubljana Stock Exchange Rules and the Financial Instruments Market Act (ZTFI), the company hereby publishes the following announcement:
GEN-I, d.o.o. announces that it has successfully concluded the sale of money-market instruments: 360-day commercial paper (designation GEN05) in the total nominal amount of EUR 27 million, and a 3-year bond (designated GE01) in the amount of EUR 13 million. Both issues were well-received by investors, as the value of binding offers from interested investors exceeded the target amount of borrowing.
The purposes of the issue of the commercial paper and bond are the short-term and medium-term financing of permanent working capital, and the diversification of sources of financing between banks and financial institutions.
The commercial paper and bond were issued in the scope of a public offering for which the application of rules regarding the publication of a prospectus and other rules in connection with the public offering of securities, as prescribed in Section 2 of the ZTFI, is not required.
During the initial offering, 12 investors subscribed to the entire issue of commercial paper. After the commercial paper was subscribed and paid up, it was issued in book-entry form and entered in the central register of book-entry securities managed by KDD (Centralni klirinško depotni družbi d.d.) under designations GEN05 and ISIN SI0032501619. The annual interest rate on the commercial paper is 1.40%. The commercial paper will be traded on the organized market of the Ljubljana Stock Exchange in the bond market segment – money market instruments – commercial paper. GEN-I d.o.o. will publish a presentation document regarding the listing of its commercial paper prior to the start of trading.
Five investors subscribed to the entire issue of bonds during the initial offering. Following the subscription and paying up of the bonds, the latter were issued in book-entry form and entered in the central register of book-entry securities managed by KDD (Centralni klirinško depotni družbi d.d.) under designations GE01 and ISIN SI0032103655. The interest rate on the bonds is 2.40%.
ILIRIKA borzno posredniška hiša d.d. provided all services for investors, and organized and carried out the initial offering of commercial paper, while GEN-I, d.o.o. entrusted Nova Ljubljanska banka to provide the same services for the bond issue.
Information included in the announcement will be available on GEN-I, d.o.o.’s website at http://www.gen-i.si/ for a minimum of five years following publication.
GEN-I, d.o.o. Management Board
Date: 13 July, 2016