Ellinas Finance has announced an extension of its bond issuance period, launching a second tranche of its Series F Bond to bolster its capital base.
- Ellinas Finance has announced an extension of its bond issuance period, launching a second tranche of its Series F Bond to bolster its capital base.
On Tuesday, the board of directors confirmed that the issuance period for the Series F Bond will now run until November 15, 2026, pending trustee approval. This follows a resolution made earlier on November 17, 2025.
The newly issued second tranche consists of 45 non-convertible, secured bonds, totalling €45,000. This issuance aligns with the terms of a trust agreement established last year, forming part of the broader Series F programme.
Details of the New Bond Issuance
This latest tranche carries an annual interest rate of 5 per cent and is set for a duration of five years. Each bond has a nominal value of €1,000, with the release date planned for April 30, 2026, and a maturity date set for November 18, 2030.
Interest payments will be distributed annually every November 18, adhering to the terms set out in the agreement. Following this issuance, the total value of the Series F Bond now reaches €385,000, marking steady progress in Ellinas Finance’s capital-raising efforts.
Targeted Approach to Investment
The company clarified that the bonds were offered to a select group of fewer than 150 investors through a private placement. This strategy allows Ellinas Finance to engage selectively with investors while maintaining flexibility in its issuance schedule.
The overarching Series F Bond programme has a ceiling of up to €5,000,000, with the possibility of issuing bonds in monthly increments until the cutoff date. The extension of the issuance period provides the company with vital additional time to optimise market conditions and complete its fundraising process.
