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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 online retailer Vivre Deco ready to pay 4.5-5.5% for EUR 5 mln bonds

Romanian online furniture and decoration retailer Vivre Deco will carry out a private bond placement in the first part of April, which will be listed on the Bucharest Stock Exchange (BVB) a few weeks later.

The company wants to raise between EUR 3 and 7 million, with a target of about EUR 5 mln, using the Dutch auction auctioning procedure, says Monica Cadogan, founder and CEO of Vivre Deco, quoted by Ziarul Financiar.

"The bonds will be denominated in euro, with a maturity of 5 years, and we target a coupon in the range of 4.5 -5.5% per year, payable semi-annually. We believe that it is an attractive proposition for medium-term investors, without exchange rate risk, but still a fair financing cost for the company," says the entrepreneur.

In April 2020, Vivre Deco issued EUR 3.5 mln of bonds with a maturity of five years and a 5.25% coupon.

(Photo courtesy of the company)

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 

BVB
 

Romanian online retailer Vivre Deco ready to pay 4.5-5.5% for EUR 5 mln bonds

Romanian online furniture and decoration retailer Vivre Deco will carry out a private bond placement in the first part of April, which will be listed on the Bucharest Stock Exchange (BVB) a few weeks later.

The company wants to raise between EUR 3 and 7 million, with a target of about EUR 5 mln, using the Dutch auction auctioning procedure, says Monica Cadogan, founder and CEO of Vivre Deco, quoted by Ziarul Financiar.

"The bonds will be denominated in euro, with a maturity of 5 years, and we target a coupon in the range of 4.5 -5.5% per year, payable semi-annually. We believe that it is an attractive proposition for medium-term investors, without exchange rate risk, but still a fair financing cost for the company," says the entrepreneur.

In April 2020, Vivre Deco issued EUR 3.5 mln of bonds with a maturity of five years and a 5.25% coupon.

(Photo courtesy of the company)

andrei@romania-insider.com

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