In Vlkanová, Slovakia on October 21st 2024
GEVORKYAN has successfully underwritten the second tranche of the GEVORKYAN 7.11/2029 green bonds issuance with a volume of EUR 7.5 million
GEVORKYAN, a.s., a global supplier and technology leader in powder metallurgy, has successfully underwritten the second tranche of the GEVORKYAN 7.11/2029 green bond (ISIN CZ0000002159). The company announced the issuance of the second tranche on September 18th, with the subscription period running until October 4th 2024.
The issuance of the second tranche followed the successful subscription of the first tranche in March 2024 with a volume of EUR 22.5 million. The final volume of the second tranche was EUR 7.5 million, with demand strongly exceeding supply.
The total volume of the GEVORKYAN 7.11/2029 green bond after the subscription of the entire second tranche is EUR 30 million, as announced previously. The bond is listed on the Prague Stock Exchange.
GEVORKYAN is using the proceeds from the issuance to finance growth-related capital expenditures with a positive environmental impact, including the purchase of new machines with lower electricity and technical gas consumption. Together with the already completed hydrogen generator and the ongoing construction of its own photovoltaic power plant, GEVORKYAN is successfully strengthening its energy independence.
CONSEQ was the lead manager of the issue and VERSUTE INVESTMENTS was the co-lead manager.
The prospectus of the bond has been published here.
Press release in PDF format:
Contacts for media:
Andrej Bátovský, GEVORKYAN, a.s.,
+421 911 152 421,
Founded in 1996, GEVORKYAN is a global and technological leader in the production of metal components by powder metallurgy, sintering and metal injection molding. The company has unique know-how and a top-level research and development department.
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