Golfino, the specialty brand of golf apparel, has issued bonds to ensure fresh capital for future growth. Reportedly, the issue was already halted on the first day of the buying period, which was planned until April 3, after the first day brought in €12 million. The bonds have an interest rate of 7.25 percent and are due after five years. Eighty percent of the volume was bought by institutional investors, and 20 percent by private investors. In its latest financial year, ended last September, Golfino increased its sales by 11 percent to €33.5 million. Profit was up to €2.3 million from €2 million.

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