Article: FMCG chain operator Spar Hungary plans EUR 100 mln bond issue to finance expansion plans.

FMCG chain operator Spar Hungary plans EUR 100 mln bond issue to finance expansion plans

By Tamas Deme

BUDAPEST. NOVEMBER 17. INTERFAX CENTRAL EUROPE - Spar Hungary Kft, an Austrian-owned operator of supermarkets and hypermarkets, has chosen a form of raising funds rarely used by Hungarian companies - it will issue corporate bonds to help finance its expansion plans in the country.

"We decided on the bond issue because our Austrian parent has had great success with this form of financing. In addition, we wanted to test ourselves on the capital markets, as well as provide an opportunity for bondholders to share in the firm's successes," Managing ...

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