Skip to main content

Final approval for 150-mln€ Attica Group corporate bond issue expected

By I. Zafolia & A. Tsimplakis

The Hellenic Capital Market Commission (HCMC)  is reportedly ready to finalize a review of Attica Group’s investor bulletin for a corporate bond worth 150 million euros.

According to information gathered by “N”, the raised capital is expected to finance the group’s loan restructuring and a new investment plan.

The international ferry boat operator  has previously issued a corporate bond that was entirely covered by the Fortress fund, with raised capital financing a restructuring of Attica subsidiary Blue Star Ferries’ debts.

According to sources that spoke with “N”,  the corporate bond is unrelated to reports of interest in the purchase of the ferry operator’s shares.

MIG group, which is the owner of Attica Group, recent said it was examining various alternatives to restructure and reduce loan obligations through the sale of share packages to investors.

Besides the investment fund, other reports have cited an interest by the rival Grimaldi group.