JGL Organises a Road Show for New Bonds

JGL representatives are starting their road show today to offer a new bond issue to investors. The bonds have been issued in the nominal value of up to HRK 130 million, with a fixed interest rate, a semi-annual payment, and a maturity of five years. The Issue Prospectus by Public Offering and the Listing of Bonds at the end of last week was approved by the Croatian Financial Services Supervisory Agency (HANFA), and it is the first issue of a national corporate bond this year.

"We decided to present another issue at a time when our company was recording double-digit revenue growth and the best semi-annual results in its history. In the first half of the year, the company’s growth rate was higher than the reference market in most of our key markets and with key brands, and we expect to see similar results again at the end of 2019. Such good performance has enabled us to significantly reduce our debt, double our cash flow growth, and reduce our indebtedness factor to 3.0x EBITDA, so we are considering bond refinancing, as well as some new business opportunities and investments,” – says JGL’s CEO Mislav Vučić about the new issue prospectus.

JGL has been issuing securities on the capital market for 13 years, and all of its commercial papers and bonds so far have been paid duly and before maturity.

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