Masterplast’s General Meeting has accepted the bond issuance in the value of HUF 6 billion


On Masterplast Nyrt’s extraordinary general meeting, 14 October, the company’s participation in the Growth Debenture Program (GDP) of Hungarian National Bank (HNB) has been accepted.

According to the decision, Masterplast can issue bonds in the nominal value of HUF6 billion, with a maximal 10-percent oversubscription opportunity in the framework of GDP. The Group wishes to utilize the resource to optimize the financial structure. Masterplast announced in early September that it has accomplished the credit ranking procedure necessary for the participation of GDP.

 

According to the expectations, the bond issuance, which is supported by the Raiffeisen Bank, will have been finished until the end of November.

 

The central bank launched its Growth Debenture Program for companies on 1 July. Within this framework, HNB can purchase corporate bonds issued in Forint by companies with a minimum credit rating of B+, in a maximum value of HUF20 billion per company groups.

 

Firstly, HNB purchased corporate bonds in the framework of this program with a budget of HUF300 billion, in September.

 

Masterplast Nyrt

Masterplast, founded in 1997, is the largest producer and distributer of construction materials with a Hungarian majority ownership in the Central and Eastern Europe region. The Group owns subsidiaries in 8 countries and sales its products in further 30 countries. The company, which is rated in the premium category in the Budapest Stock Exchange, reached a turnover of €97,9 million in 2018.


Masterplast Nyrt.

Founded in 1997, the Masterplast group is one of the leading building material producer and distributor companies in the Central Eastern European region. The company group owns subsidiaries in 10 countries, and sells products in a further 30 countries. The company is registered in the premium category on the Budapest Stock Exchange, and had revenue of 145,2 million euros in 2023.