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News from the M SAN Grupa

M SAN Grupa is again active participant on the capital market

M SAN Grupa has once again become a participant in the domestic capital market through a very successful issue of corporate bonds with a nominal value of HRK 200,000,000.00.

In just one day until the closing of the entry in the book of editions, investors expressed interest in the amount of HRK 275 million, which is almost 40% more than the target nominal amount of HRK 200 million.

The subscription book for these bonds was opened on Thursday, the 15th July 2021 at 9:00 a.m. and closed the same day at 3:00 p.m.

Investors have shown significant interest in the bonds, so that demand already at 11:00 exceeded the target amount of the issue of 200 million. The total interest of investors during the closing of the registration book amounted to HRK 275 million, which means that the total interest of investors exceeded the planned amount of the issue by 1.37 times.

Date of issue of bonds, ie inclusion of bonds in depository, settlement and settlement services of the Central Clearing and Depository Company d.d. is 20. July 2021, and the start date of trading on the Official Market of the Zagreb Stock Exchange is 22. July 2021 . The code of the security carried by the bonds is MSAN-O-267A with the corresponding international identification code (ISIN) HRMSANO267A9.

Interest in bonds was shown by all categories of domestic institutional investors, and 51% of the issue was allocated to banks, 24% to pension funds, 17% to insurers and 8% to investment funds.

The successful realization of the corporate issue with the achieved final conditions confirmed the attractiveness of the M SAN Group as a new issuer on the domestic capital market.

The aim of this issue of corporate bonds is to provide capital for the needs of refinancing the existing short-term and long-term debt as well as for the needs of financing working capital needed to continue business development.
of the M SAN Grupa.

Further business development of M SAN Grupa will be focused on three strategic directions, from the continued development of logistics capacities and new logistics centres of the M SAN Logistikain the Adriatic region down to investments in the future development of our own brands MS Energy from the domain of e-mobility and Vivaxa from the field of consumer electronics, air conditioning and white goods.

We have also been reorganizing the business processes of the M SAN Grupa for many years in accordance with the guidelines of environmentally sustainable business. We have invested in the production of electricity from renewable sources through photovoltaic panels at our administrative buildings in Buzin in Zagreb and we produce 230 kW of electricity per day from sunlight, and a similar solar power plant project with a capacity of about 400 kW is being developed. M SAN Logistics in Rugvica near Zagreb, which will be followed by similar projects on all our buildings in the region. Five years ago, in all our office and storage spaces, instead of conventional use, we began to introduce energy-saving LED lighting.

In addition, M SAN Grupa is the only distributor of IT equipment that collects and disposes of electronic waste through our company.
M SAN Eco thus rounding off the complete life cycle care of the products from our distribution.

The process of preparing the bond issue lasted almost six months and involved extensive work of teams of banks from the ranks of the Joint Issuing Agents – Erste & Steiermärkische Banka dd, Privredna banka Zagreb dd and Zagrebačka banka dd, law firms Šavorić & Partners doo and Mišković & Mišković doo monitored and advised in this process and our internal team from the M SAN Group.

We were all happier with the great interest we aroused in institutional investors.

We remind you that the first appearance of M SAN Grupa on the capital market dates back to 2006 through the programs of issuing Commercial Bills. Then, in the period from May 2006 to June 2010, we issued eight tranches of Commercial Bills in the total amount of HRK 245.5 million, all of which were duly repaid.

The listing on the Zagreb Stock Exchange with a debt instrument is part of a broader plan to prepare for the IPO in the future.