BUDAPEST: Plotinus Holding issued convertible bonds valued at HUF 640.8 mln as part of its HUF 2 bln bond program, the listed company announced late yesterday.
Retail investors purchased HUF 486.9 mln in the bonds with institutional investors buying HUF 153.9 mln. Plotinus said that Tündérszikla, directly owned by Plotinus Chairman Viktor Zsiday, bought HUF 200.6 mln in bonds and Hold Alapkezelő, in which Zsiday indirectly has a majority stake, bought HUF 65 mln. Katalin Zánkai, a close relative of Zsiday, also purchased HUF 28.8 mln in bonds.
The four-year PLOTINUS 2019/A bonds have a nominal value of HUF 100,000 and carry a 2% annual coupon. During their run, each bond may be converted into 20 Plotinus shares. The bonds will be available for trade on the Budapest Stock Exchange from June 23.
Earlier, Plotinus said proceeds from the sale would be invested in the “undervalued capital market and real economy assets”.
