|
|
Article: FMCG chain operator Spar Hungary plans EUR 100 mln bond issue to finance expansion plans.
- Article from:
- Hungary Business News
- Article date:
- November 18, 2005
CopyrightCOPYRIGHT 2005 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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 ...