Commercial papers on the Ljubljana Stock Exchange
A new type of securities, namely commercial papers, has been admitted to trading at the Ljubljana Stock Exchange this year. Two Prime Market companies, Mercator and Petrol, have already issued 6-month commercial papers in several series. For blue chip companies, commercial papers are a low-cost alternative to a line of credit from a bank.
The commercial papers have been issued under the public offering procedure for the purpose of ensuring continuous short-term funding for the issuer's operations and to diversify the base of short-term debt investors to include banks and institutional investors.
We expect further Prime Market issuers to also take advantage this form of short-term financing.
Julia Resch, Wiener Börse AG
Phone: +43 (0) 1 53 165 - 186
Fax: +43 (0) 1 53 165 - 140