Eight Capital Partners issues €25mln bond to boost balance sheet

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The new bonds will in part be used to refinance existing bonds which mature in July 2022 () () said it is launching €25mln 4.8% fixed rate five-year bonds which will be listed on the Vienna Stock Exchange.  The company, whose strategy is to invest in technology, media, telecoms and financial services businesses, recently announced that it is seeking to expand its balance sheet by raising new equity capital and the issue of other securities. “The creation of the new bonds is an important step in the delivery of this strategy,” ECP said in today’s statement. “As it moves forward, other developments may include an equity placing via an open offer to all shareholders. Warrants and/or other securities may also be included in the capital raise.” To enable the creation of the new bonds, an initial tranche of €50,000 has been subscribed in cash at par value by Trumar Capital LLC, a substantial shareholder of the company controlled by ECP's chairman Dominic White
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