The United Group said on Thursday that it is set to issue bonds worth 200 million Euros which fall due in 2024.

“The United Group has announced the issue of bonds to the amount of 200 million Euros at an interest rate of 4.875 percent. The bonds fall due in 2024 and are sold at a 3.5 percent higher price than their nominal value,” a statement said.  

“The income from the bonds will be used to buy and cover the costs of the Tele2 mobile operator in Croatia. This is the third offer of bonds with the highest price to date. The success of previously issued bonds reflect the high level of trust among investors, bond buyers and the majority owner of the United Group, BC Partners in the company’s plans and its future.  

“The United Group’s preliminary business results for the first five months of the year have shown continued growth and income of more than 300 million Euros which is some 70 million Euros more than in the same period a year earlier.  

“Since it was formed, the United Group has achieved constant income growth and plans to expand its business over the next five years by investing more than 900 million Euros into telecommunications and the media which is 200 million more than in plans for the previous year,” the statement said.  

The United Group operates in six countries (through companies such as SBB, Telemach and United Media and TV channels like Sport Klub, Nova TV and N1). It employs 4,400 people.

“Almost four million United Group services are used monthly in the region and the entire world and the network covers almost two million households. The United Group formed in the year 2000 and is the leading provider of telecommunication and media services in southeastern Europe with the widest network covering the region and offering the most attractive choice of TV content, from local to the best content from across the world,” the statement said.

BC Partners is the majority owner of United Group. N1 TV is part of the United Group.