- Raises €251.7 million through the issuance of a convertible bond loan
- Current liquidity of the Company stands at €641 million
Marfin Investment Group ("MIG") announces that through the issuance of a convertible bond loan it has raised €251,712,566. The Management of the Company would like to thank all those shareholders and investors who participated in the capital raising process and considers the outcome a great success and a strong vote of confidence to the prospects of the Group. It should be noted that the decision on the issuance of the convertible bond loan was taken prior to the dramatic deterioration of the Greek economy; the bonds carry a coupon of 5%, ie significantly lower than the current cost of funding of the Greek Government.
Following the above raising, MIG's current liquidity stands at €641 million. As such, the Company is in a very strong position to face the current economic crisis and to seize the opportunities that will arise.