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)