Romanian online retailer Elefant raises EUR 3 mln with new bond issue
Elefant Online, one of the largest online retailers in Romania, closed in advance on November 23 a private placement of bonds brokered by Tradeville through which it raised RON 17.5 mln (EUR 3 mln).
The next step is to list the bonds on the multilateral trading system at Bucharest Stock Exchange (BVB).
The bonds maturing in 2026 (5-year tenant) have a 9% coupon, payable semi-annually, attached.
The company just paid back earlier this year a RON 7.65 bond with a three-year tenant issued in 2018.
(Photo source: the company)