26
Sep
16:00
Cognor secondary offering to raise $27m debt-restructuring funds
Cognor plans to carry out a secondary public offering before end-October in order to raise a planned PLN 101 million ($27.7m) that will be used to restructure debt, Kallanish learns from the Polish steelmaker.
The firm will issue 67.33 million shares without pre-emptive rights at a nominal price of PLN 1.5 per share. The funds raised will be used to purchase secured high-yield bonds on international markets totalling around €80.9m ($95.2m). Savings as a res…
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Anonymous
Very good overview of the weekly steel market.
Anonymous