Kofola has issued its first bonds in the Czech Republic

17 January 2014

Eva Bajaková, Andrea Jarolímková

Kofola S.A., a holding company of Kofola group, listed on the Warsaw Stock Exchange and having its subsidiary in the Czech Republic, has completed its first bond issue on the Czech capital market.

The Prague Stock Exchange launched trading with the bonds on 7 October 2013. The total volume of the issue amounts to CZK 330,000,000 (approximately EUR 12,000,000), whereas nominal value of the bonds is CZK 3,000,000 (approximately EUR 111,000). A maturity date is on 4 October 2018. The interest rate amounts to 4.88%. Mr Bartosz Marczuk, the financial director of Kofola group, said that the purpose of the bond issue was to optimise the financing of Kofola group with the aim of spreading instalment payments over a period of time and dividing sources of funding between banking and non-banking sector. He also said that thanks to the bonds issue, Kofola entered the Czech capital market in order to establish relationships with local investors for possible future cooperation. 

Kofola Group, employing over 2,000 people, counts among the most important producers of non-alcoholic beverages in Central and Eastern Europe. Kofola group has a large portfolio of traditional Czech brands, for example, cola-based soft drink named Kofola, mineral water Rajec, fruit-juice concentrates Jupí, child’s beverages Jupík or Pickwick ice tea. In February 2013 Kofola became an exclusive distributor of Evian and Badoit. 

Authors

Andrea Jarolimkova

Andrea Jarolímková

Associate, Prague
Czech Republic & Slovakia

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