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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. 

 

 

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Romanian jewellery chain Teilor gets EUR 8.5 mln financing for expanding abroad

Teilor, a Romanian chain of jewellery stores that operates in the Central and Eastern European region, announced that it obtained a credit line and an investment loan in the total amount of EUR 8.47 mln from state-owned bank EximBank.

The group that includes the jewellery store chain plans to raise RON 45 mln (EUR 9.1 mln) through a private placement of corporate bonds on the Bucharest Stock Exchange.

The holding also includes Teilor Invest Exchange, a network of exchange offices, and Invest Intermed GF IFN, a non-bank financial institution that carries out short-term financial lending activity with a pledge, with the last two companies operating together under the MoneyGold brand.

The capital granted by EximBank will be used for the acquisition of jewellery stocks and for further investments in the stores that the company will open abroad.

"The credit lines obtained from EximBank will support us in the efforts to expand the Teilor brand at an accelerated pace (...) We want to build a strong Romanian brand abroad and deliver the promised growth results to all parties involved. The credit lines granted by EximBank and guaranteed by the Romanian state complement the financing we seek to attract from investors on the local capital market. We are in a favourable moment for our business, and we want to make the most of the opportunities we have at our disposal," said Willy Dicu, CEO of Teilor.

andrei@romania-insider.com

(Photo source: Teilor)

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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 jewellery chain Teilor gets EUR 8.5 mln financing for expanding abroad

Teilor, a Romanian chain of jewellery stores that operates in the Central and Eastern European region, announced that it obtained a credit line and an investment loan in the total amount of EUR 8.47 mln from state-owned bank EximBank.

The group that includes the jewellery store chain plans to raise RON 45 mln (EUR 9.1 mln) through a private placement of corporate bonds on the Bucharest Stock Exchange.

The holding also includes Teilor Invest Exchange, a network of exchange offices, and Invest Intermed GF IFN, a non-bank financial institution that carries out short-term financial lending activity with a pledge, with the last two companies operating together under the MoneyGold brand.

The capital granted by EximBank will be used for the acquisition of jewellery stocks and for further investments in the stores that the company will open abroad.

"The credit lines obtained from EximBank will support us in the efforts to expand the Teilor brand at an accelerated pace (...) We want to build a strong Romanian brand abroad and deliver the promised growth results to all parties involved. The credit lines granted by EximBank and guaranteed by the Romanian state complement the financing we seek to attract from investors on the local capital market. We are in a favourable moment for our business, and we want to make the most of the opportunities we have at our disposal," said Willy Dicu, CEO of Teilor.

andrei@romania-insider.com

(Photo source: Teilor)

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