Small-sized Romanian winery issues EUR 2 mln bonds
La Salina winery in Turda, western Romania, has launched a bond issue at Bucharest Stock Exchange (BVB), denominated in euros, worth EUR 2 mln, Ziarul Financiar reported.
Andrei Chirileasa · Journalist
· Updated · 1 min read
La Salina winery in Turda, western Romania, has launched a bond issue at Bucharest Stock Exchange (BVB), denominated in euros, worth EUR 2 mln, Ziarul Financiar reported.
The money will be used by the company's founders to develop the winery, which currently has a production capacity of 250,000 bottles per year.
The issue has a five-year tenant and an interest rate of 8% per year.
"We issued this bond out of the need to capitalize the company for future investments. It is a safe, easy and handy way to finance yourself if the numbers also support you," says Simion Mureşan, one of the founders of the winery. He is a partner with Claudiu Şugar.
(Photo: Iryna Drozd/ Dreamstime)
