M SAN Group: Corporate Bond Offered to Investors

M SAN Group, the leading distributor of IT equipment and consumer electronics in Croatia and the Adriatic region, has decided to issue a corporate bond with a total nominal amount of up to 200 million kuna, marking the company’s first issuance of corporate bonds owned by Stipe Matić.

Through the bond issuance, M SAN Group aims to secure capital for refinancing existing short-term and long-term debt, which is expected to amount to approximately 125 million kuna at the planned time of the bond issuance, as well as for financing the working capital necessary for the continued development of M SAN Group’s business and further building of the MS Energy brands in the e-mobility domain and Vivax in the consumer electronics, air conditioning, and white goods sectors, as responded to Lider’s inquiry from M SAN Group.

The bond issuance will also be aimed at professional investors, institutional investors, and private investors. The final terms of the issuance will be determined after the end of the offering period, and on the day of issuance, a notice regarding the final terms of the issuance will be published on the issuer’s website, M SAN Group.

M SAN Group’s first appearance in the capital market dates back to 2006 through a commercial paper issuance program. In previous times, from May 2006 to June 2010, it issued eight tranches of commercial papers totaling 245.5 million kuna, all of which were duly repaid.

Investors who commit to subscribe for at least 10 thousand per investor, in a total nominal amount of 10 thousand kuna for each individual offer, can subscribe and pay for the bonds.

The core business of M SAN Group is the distribution of IT equipment (software and hardware) and consumer electronics. It has subsidiaries and distribution centers in Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia. Additionally, M SAN Group produces IT equipment and consumer electronics under its own brands. Stipe Matić, an entrepreneur who rarely appears in public, is the sole owner of the company, and the CEO is Miroslav Huzjak. In 2020, M SAN Group achieved a business revenue of 2.6 billion kuna, representing an 8.5 percent increase compared to 2019, and a profit of 21.1 million kuna (an increase of 14.9 percent).

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