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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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Romanian non-bank lender Ocean issues 5-yr bonds at 7.14% yield

Ocean Credit, a non-bank lending institution that operates a fully digital service chain, issued EUR 1.84 mn bonds denominated in euros in a private placement on the Romanian market, Wall-street.ro reported.

The bonds will be later listed at Bucharest Stock Exchange (BVB).

Having attached an 8.75% coupon, the bonds were issued at a 1.5% discount - resulting in a yield of 7.14%. Ocean Credit, the issuer, has the option to redeem the papers after a three-year period. The bonds were issued in a private placement to a number of 13 selected bidders, out of which six institutions.

Ocean Credit charges Effective Annual Rates (DAE) of 99.92% for loans of up to RON 4,500 (EUR 900) - according to the company’s website. The average credit granted by Ocean Credit is at the level of RON 2,800 (EUR 500), and the recurrence rate - namely the share of the borrower refinancing their loans with Ocean Credit - is at a very high level, of 80%.

(Photo: Brad Wynnyk/ Dreamstime)

andrei@romania-insider.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 

 

BSE

 

 

Romanian non-bank lender Ocean issues 5-yr bonds at 7.14% yield

Ocean Credit, a non-bank lending institution that operates a fully digital service chain, issued EUR 1.84 mn bonds denominated in euros in a private placement on the Romanian market, Wall-street.ro reported.

The bonds will be later listed at Bucharest Stock Exchange (BVB).

Having attached an 8.75% coupon, the bonds were issued at a 1.5% discount - resulting in a yield of 7.14%. Ocean Credit, the issuer, has the option to redeem the papers after a three-year period. The bonds were issued in a private placement to a number of 13 selected bidders, out of which six institutions.

Ocean Credit charges Effective Annual Rates (DAE) of 99.92% for loans of up to RON 4,500 (EUR 900) - according to the company’s website. The average credit granted by Ocean Credit is at the level of RON 2,800 (EUR 500), and the recurrence rate - namely the share of the borrower refinancing their loans with Ocean Credit - is at a very high level, of 80%.

(Photo: Brad Wynnyk/ Dreamstime)

andrei@romania-insider.com

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