Here are Roni’s comments on Boreo’s hybrid bond 
Boreo announced that it is issuing a EUR 13m hybrid bond and has signed a new EUR 60m bank financing agreement. The size of the hybrid was slightly larger than previously anticipated by the company, and the interest rate was largely within the ballgame we expected. We will update our forecasts once the results of the current hybrid bond tender offer are confirmed. In addition to a small positive EPS impact, it is important that with the new financing package, the company has stronger prerequisites than before to continue its M&A strategy.