AGROKOR'S GREAT SUCCESS ON INTERNATIONAL CAPITAL MARKET
May 05, 2004
The Agrokor Group today successfully completed the increase of its corporate bond issue. The Lead Manager of the transaction, Deutsche Bank, closed the book of orders at the planned amount of EUR 100m at a price of 102.333, with a total of approximately 40 investors from the international capital markets. By region, Germany was the biggest buyer with 28%, then Switzerland 21%, Austria 14%, Croatia 13%, UK 12%, Greece 6% and Asia 5%. Agrokor and Deutsche Bank are exceptionally satisfied with the transaction in which investors have shown interest to order much higher amounts than the targeted as the book was oversubscribed by launch. The co-lead managers in the transaction were Alpha Bank, Bayerische Hypo- und Vereinsbank AG, Hypo-Alpe-Adria Bank AG, and Zagrebačka banka d.d. This deal is yet another verification of the quality of Agrokor, which today enjoys the support of both domestic and international investors and through this transaction has expanded and diversified its investor base.