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Cognor in an ambitious fund raising drive to pay off bond debt

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COGNOR - Steel products manufacturer and distributor Cognor Holdings plans to obtain bank financing shortly and in September it would like to raise up to PLN 100 mln from an ex-right share issue as the company plans to refinance high-yield bond debt, CFO Krzysztof Zola told a news conference.

" . . . we are planning to obtain banking financing and then in September we want to raise up to PLN 100 mln from a share issue," Zola said.

Cognor wants to pay back bonds worth EUR 81 mln, the official added.

2017-05-18



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