SeeNews reported that Slovenian steel producer Slovenska Industrija Jekla has dropped plans for the issue one-year commercial paper in the amount of up to EUR 15 million in the first half of December. SIJ said in a filing with the Ljubljana Stock Exchange "Given the record-high business results, high financial liquidity and available alternative sources of financing, the planned issuance of commercial paper would mean a departure from the optimal financing price that the SIJ Group is ready to accept. SIJ will continue to monitor market conditions on the capital markets in the future and, if conditions are favourable, continue with the trend of regular issuance of debt securities.” SIJ plans to repay its EUR 30 million one-year commercial papers maturing on 9 December without refinancing, but intends to maintain its presence on the Slovenian capital market where it placed a total of 12 debt securities in the last ten years Last month, SIJ invited investors to subscribe for the issue of one-year commercial paper in the amount of up to EUR 15 million at a fixed annual interest rate of 4% The SIJ Group is the largest vertically integrated metallurgical group in Slovenia, occupying with its products leading positions on European and global niche steel markets. Slovenska Industrija Jekla, with its main base in Jesenice in the Gorenjska region, is the largest Slovenian steel producer and ranks among the top positions in the European and world niche steel markets. The group has 22 affiliated companies in Europe and the USA, and employs around 3,150 people in Slovenia. SIJ is owned by the Russian Koks group
SeeNews reported that Slovenian steel producer Slovenska Industrija Jekla has dropped plans for the issue one-year commercial paper in the amount of up to EUR 15 million in the first half of December. SIJ said in a filing with the Ljubljana Stock Exchange "Given the record-high business results, high financial liquidity and available alternative sources of financing, the planned issuance of commercial paper would mean a departure from the optimal financing price that the SIJ Group is ready to accept. SIJ will continue to monitor market conditions on the capital markets in the future and, if conditions are favourable, continue with the trend of regular issuance of debt securities.” SIJ plans to repay its EUR 30 million one-year commercial papers maturing on 9 December without refinancing, but intends to maintain its presence on the Slovenian capital market where it placed a total of 12 debt securities in the last ten years Last month, SIJ invited investors to subscribe for the issue of one-year commercial paper in the amount of up to EUR 15 million at a fixed annual interest rate of 4% The SIJ Group is the largest vertically integrated metallurgical group in Slovenia, occupying with its products leading positions on European and global niche steel markets. Slovenska Industrija Jekla, with its main base in Jesenice in the Gorenjska region, is the largest Slovenian steel producer and ranks among the top positions in the European and world niche steel markets. The group has 22 affiliated companies in Europe and the USA, and employs around 3,150 people in Slovenia. SIJ is owned by the Russian Koks group
