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The issue of M SAN Grupa corporate bonds intended for private individuals and institutional investors generated capital for further development and the listing on the Zagreb Stock Exchange with such a debt instrument is part of a plan to prepare M SAN Grupa for the future IPO.
The interest of investors during the closing of the book of orders amounted up to HRK 275 million, which is almost 40% more than the target issue in nominal amount of HRK 200 million meaning that the planned amount of the issue was exceeded by 1.37 times. Interest in the bonds was shown by all categories of domestic institutional investors, and 51% of the issue was allocated to banks, 24% to pension funds, 17% to insurers and 8% to investment funds.
M SAN Grupa plans to use raised funds to increase its presence in the European Union market, primarily through the export of its own brands Vivax and MS Energy, while the potential for growth and expansion of the portfolio is also in the segment of e-mobility, robotics and gaming.
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