Housemarket announces successful completion of 40-mln-euro bond issue

Housemarket SA, a subsidiary of Fourlis Group and the Greek retailer of IKEA products, on Tuesday announced the successful completion of an electronic book-building on a public tender to issue a 40-million-euros bond loan. The company said bids submitted totaled 50,174,290 euros and Housemarket issued 40 million bonds at an offer price of one euro each, distributed in 13,000,677 bonds (around 32.5 pct of total bonds) to individual investors and 26,999,323 bonds (around 67.5 pct of total bonds) to special investors.

A company announcement said its board expressed its warm thanks to investors for their response to the public tender for the listing of the company’s shares in the Fixed Income category of the Athens Stock Exchange. Housemarket said the public tender was 1.254 times oversubscribed and that the number of participating investors reached 565.

Euroxx Securities acted as advisor, National Bank, Euroxx Securiities, Investment Bank of Greece and Pantelakis Securities acted as underwriters while RSM Greece as financial advisor and Sardelas Liarikos Petsa Law Firm were legal advisors to the issue.

Trading on the new bonds will begin on Thursday, 6 October, at a starting price of one euro per bond.