Issuance of IDEAL Holdings’ Common Bond Loan
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Press Release | |||
21 December 2023 | |||
Issuance of IDEAL Holdings’ Common Bond Loan | |||
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The Athens Stock Exchange welcomed today the management and executives of IDEAL Holdings, along with representatives of the underwriters, on the company's bond listing on the Main Market of the Athens Stock Exchange, which commenced trading on Monday, December 18.
"The oversubscription of the issuance is tangible proof of investors’ confidence in the company’s business plan," emphasized the CEO of the Athens Exchange Group, Yianos Kontopoulos, in his address. He further stated: "IDEAL Holdings follows a business approach that evaluates opportunities and selects companies with a dominant market position and strong growth prospects, with the goal of creating value and maximizing returns for its shareholders. In recent years, it has successfully brought together under its umbrella major companies and dynamic players in their respective industries. Our primary objective remains the promotion of our market’s prospects abroad through regular meetings between listed companies and foreign institutional investors, who have increasingly turned their attention to the domestic stock market. In this environment of outward-looking growth, IDEAL Holdings’ decision to issue a bond loan was met with an overwhelmingly positive response from investors."
For his part, IDEAL Holdings’ CEO Panos Vassiliadis stated: "The nearly twofold oversubscription of IDEAL Holdings’ bond issuance confirms investors’ trust not only in our company but also in the domestic bond market. This, in turn, provides businesses with an additional financing tool while offering an attractive investment opportunity for investors. We would like to express our gratitude to both private and institutional investors for their confidence in our initiative, as well as to our advisor, coordinators, underwriters, and legal counsel for the successful issuance. Through this bond issuance, we will further strengthen our strategy for sustainable growth, with the aim of generating long-term value for our shareholders and employees, contributing to environmental protection, and enhancing societal well-being. In doing so, we aspire to help shape a better future for all."
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