MLS BOND ISSUE
MLS: The first Greek corporate bond that will be traded on the Greek Stock Exchange( ALTERNATIVE ΜΑΡΚΕΤ) is a fact.
The corporate bond market that already exists in all developed markets has finally opened in Greece as well. After concerted efforts of the ASE and the HCMC, the MLS Bond will debut in July.
MLS announces the completion of disposal of corporate bonds of a total nominal value of 4 mil. Euro, on a 4 + 1 year duration and 5.30% coupon , while the coupon will be paid on a quarterly basis. The bond is rated with an Investment Grade (ICAP). It is noted that Greek Corporate Bonds can also receive money committed in Greece due to the capital controls (Old Money).
Bondholder may be any individual or legal entity.The nominal value is 10,000 euros. At expiry of the duration, the initial capital will be returned to the Bondholder.
Advisor for the Bond Issue of MLS is Beta Securities and the company chose the method of Private Placement "inviting" up to 150 investors. The Issue has been covered mostly by Wealth Management companies such as Wealth Financial Services, Euroxx Securities, 3KInvestments, Institutional Investors , Insurance companies, and several individuals .
The company will announce later the exact starting date of trading of the Bond on the ASE. Any prospective investor may acquire MLS bond (depending on the offer) by ASE.
MLS is experiencing the best year of its 26 years history and expects new record high on both sales and net profit. Funds raised from the Issue of the Bond will be used to support the company's growth in the demanding market of Smartphones (in which the company consistently raises its sales), and in the Tablets market In which 2015 ended finding MLS on 1st position of the Greek market (over Samsung and Apple) both in volume and in revenues. Furthermore, part of the funds will be used for the development of new innovative products such as the MLS Magic ? (marketed these days) and is the first device that is both a Windows Laptop and Android Tablet. They also will be used for further development and evolution of voice recognition technologies and artificial intelligence (MAIC) both in Greek and in other languages.
Finally, MLS with the spearhead of innovation prepares methodically its entrance -to begin with-in a European market in 2017.
For any further information, Bondholders and potential investors, please contact the Investor Relations Manager of the Company Mr. G.Tachtalidis at +302310907222 and mlsbond@mls.gr