The bonds, which have a nominal value of CZK 10,000 and a 2025 maturity date, have a coupon of 5.25 % p.a. They will be placed on the market via J&T Bank and PPF banka.
Heureka Group, Europe's largest price comparison website group, is offering investors an attractive option for earning interest on their free cash. Between the end of November and the start of December, it will increase its emission of its 5-year bonds by up to CZK 650 million, to an emission total of CZK 3.2 billion. The bonds, which have a nominal value of CZK 10,000 and a 2025 maturity date, have a coupon of 5.25 % p.a. They will be placed on the market via J&T Bank and PPF banka.
The decision to continue with bond emission is supported
by the exceptionally favourable situation on the e-commerce market. Aside from the constantly growing popularity of
on-line shopping, this year's e-commerce growth is also influenced by measures
related to the COVID-19 pandemic, restricting shopping in the traditional
retail segment.
Average monthly traffic on the Heureka Group's
websites grew during the first half of this year by 10 %, and thus achieved
the average annual growth rate of past years even before the start of the main
season. What's more, an extensive survey of Heureka Group internet users that
took place in April and August 2020 showed that the government measures will
also have an impact on customers' shopping behaviour. More than half of
first-time internet shoppers surveyed stated, among other things, that they are
happy with the way e-commerce works and that they intend to continue to make
on-line purchases.
The Heureka Group is taking advantage of this trend to boost its
activities. For example, it is working internally to integrate three platforms
into the international #oneplatform or to develop an integrated markeplace that
will allow e-shops to offer their products in all countries covered by the
Heureka Group with one click. Externally, Heureka is expanding the portfolio of
services it offers its partners through acquisitions, the most recent being the
purchase of a share in Testuj.to, a community testing platform for products and
services.
About the Heureka Group
The Heureka Group is owned by three investors: 40 % by the
PPF Group, 40 % by EC Investments a.s. owned by entrepreneurs Daniel
Křetínský, Patrik Tkáč, and Roman Korbačka, and 20 % by Jakub Havrlant's
Rockaway Group. Today, aside from the Czech and Slovak Heureka sites, the
Heureka Group also owns the Hungarian Árukereső.hu, the
Romanian Compari.ro, the Bulgarian Pazaruvaj.com, the Slovenian Ceneje.si,
the Croatian Jetfinije.hr,
the Servian Idealno.rs, and
the Bosnian Idealno.ba sites.
