ECONOMY

Selonda signs corporate bond programs with banks

Listed firm Selonda Aquacultures announced on Friday the signing on Wednesday of three corporate bond programs with banks, aimed at refinancing the fish farming company’s debts.

The bonds are worth 100 million, 8 million and 2 million euros.

Selonda also agreed to the settlement of the rest of its debts. The disbursement of those funds will depend on the supply of collateral and the completion of the company’s share capital increase, as decided at September’s general meeting.