Elefant, Vivre and Nemo bonds bottom out after deep slump at Bucharest Exchange
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The bonds of online retailers Elefant Online (ELF26) and Vivre Deco (VIV26E and VIV25E), as well as those of courier firm Nemo Express (NEMO23E), rose by approximately 15% each on October 5, after the deep dive taken in the days before - being still traded at a deep discount, though.
These corporate bonds have recorded the biggest declines recently in the context of the disappointing financial results reported, Ziarul Financiar said.
Thus, ELF26 bonds rose by 14.8% on October 5 but are traded at 75.5% of their face value.
In the case of Vivre’s bonds (maturing 2025 and 2026), the 15% rise on the same day couldn’t lift the quotations too much as they are below 15% of their face value.
Nemo’s bonds that mature next year are traded significantly higher, yet at only 58.7% of their face value.
andrei@romania-insider.com
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