Slovenia: Oil company Petrol starts the inaugural bond issuance with assistance of JP Morgan

, SEE Energy News

Slovenian energy company Petrol authorized the bank J.P. Morgan to organize meetings with European investors for the possible issuance of its bonds, announced Petrol on portal of Ljubljana Stock Exchange.

Presentation in the European countries and the UK will start on Monday,which firstly should be preceded by inaugural issuance of euro bonds. Preliminary creditbonds rating is BBB, announced Petrol, adding that the bonds issuance will depend on the market situation.

The largest Slovenian company says that by operating revenues from the credit agency Standard & Poor’s got the mark BBBfor its long-term rating,and for the short-term rating A-3, with a stable outlook.

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