AGROKOR BONDS LISTED ON THE OFFICIAL MARKET OF THE ZAGREB STOCK EXCHANGE
May 24, 2004
The President of the Agrokor Group Mr. Ivica Todorić and the Director of the Zagreb Stock Exchange Mr. Marinko Papuga signed a Listing Agreement for the EUR 230m Agrokor d.d. bond issue on the official market of the Zagreb Stock Exchange. The Listing Agent for the official market of the Zagreb Stock Exchange is Privredna banka Zagreb. Agrokor d.d. issued bonds in the total amount of EUR 230m due on April 3, 2007 with a fixed 11% coupon (details of the issue enclosed). The bonds are listed on the Zagreb and the Luxembourg Stock Exchange. The Agrokor bonds start trading through the Zagreb Stock Exchange trading system on May 24, 2004. This is the largest corporate bond issue listed on the Zagreb Stock Exchange so far. Apart from the Agrokor bond, four other corporate bond issues are listed on the official market: Bina Istra, Hypo Alpe Adria Bank, Podravka and Pliva, while bonds of Belišće and Plava Laguna are listed on the parallel market (lower segment). With the Agrokor bond listed, the total market capitalization of corporate bonds on the Zagreb Stock Exchange has reached the level of HRK 3.6bn. In view of the additional eight sovereign or state guaranteed bond issues (with market capitalization amounting to HRK 23.2bn) it becomes obvious why the Zagreb Stock Exchange is the reference market for debt securities for both domestic and foreign investors. After the signing ceremony the President of the Agrokor Group Mr. Ivica Todorić said that he was satisfied with the successful completion of the project which is not only significant for the further development of Agrokor's companies, but for the development of the overall Croatian capital market as well. He added that besides being listed on the Luxembourg Stock Exchange, the Agrokor bonds are also available to domestic investors on the Zagreb Stock Exchange as of today. The Director of the Zagreb Stock Exchange Marinko Papuga congratulated Mr. Todorić on the new bond issue, adding that this listing, along with the previous listings of Jamnica, Ledo and Konzum on the market of the Zagreb Stock Exchange clearly demonstrated Agrokor's resolve for a public and transparent financing of the Group and companies belonging thereto. "It should not be neglected that by this international issue and simultaneous listing on two stock exchanges, in Luxembourg and Zagreb, the Agrokor Group has stated its aspiration to achieve even higer financial standards acceptable to all international investors".