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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Agroland Agribusiness seeks to issue RON bonds at 8-9% yield

Agroland Agribusiness (AAB), a company listed at the Bucharest Stock Exchange (BVB), announced to investors on July 23 that the management decided to make a private placement of bonds denominated in local currency (RON), with a value of RON 5 mln (EUR 1 mln) that can be extended up to RON 10 mln. Agroland Agribusiness sells inputs for organic and conventional agriculture and is part of the Agroland group.

The company will issue unsecured and non-convertible bonds in a private placement to up to 150 individual and institutional investors per EU member state besides the qualified investors, in order to be admitted to trading on the Bucharest Stock Exchange, Ziarul Financiar reported.

The maturity is 60 months from the date of issue, and the principal will be fully reimbursed at the final maturity.

The company notes that the coupon rate will have a fixed nominal rate over the tenant of the bonds, payable semi-annually on the coupon date and that it will be established based on investor interest and will be in the range of 8% -9%.

The bonds may be redeemed in full, but not in part, at the initiative of the company starting with the second year of the life of the bonds, in which case the company will pay to the holders for each bond held at the reference date a “clean” redemption price of 102.5%.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

Agroland Agribusiness seeks to issue RON bonds at 8-9% yield

Agroland Agribusiness (AAB), a company listed at the Bucharest Stock Exchange (BVB), announced to investors on July 23 that the management decided to make a private placement of bonds denominated in local currency (RON), with a value of RON 5 mln (EUR 1 mln) that can be extended up to RON 10 mln. Agroland Agribusiness sells inputs for organic and conventional agriculture and is part of the Agroland group.

The company will issue unsecured and non-convertible bonds in a private placement to up to 150 individual and institutional investors per EU member state besides the qualified investors, in order to be admitted to trading on the Bucharest Stock Exchange, Ziarul Financiar reported.

The maturity is 60 months from the date of issue, and the principal will be fully reimbursed at the final maturity.

The company notes that the coupon rate will have a fixed nominal rate over the tenant of the bonds, payable semi-annually on the coupon date and that it will be established based on investor interest and will be in the range of 8% -9%.

The bonds may be redeemed in full, but not in part, at the initiative of the company starting with the second year of the life of the bonds, in which case the company will pay to the holders for each bond held at the reference date a “clean” redemption price of 102.5%.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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