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Agroland corporate bonds will start trading on BVB MTS on June 16th

6/15/2020

Bucharest Stock Exchange (BVB) informs that on Tuesday, June 16th, will start trading on BVB Multilateral Trading System (MTS) the corporate bonds issued by Agroland Business System (ticker – AGR25, ISIN - RO60HHR2RMX3),  the company which operates  the Agroland’s agricultural stores chain.

The characteristics of these bonds are presented in the table below:

Value of the bonds (RON)

Number of bonds

Face value/ bond

Interest

Issue date

Maturity date

8,080,300

80,803

RON 100

9% p.a., fixed, payable on a half-yearly basis

March 10th, 2020

March 10th, 2025

 

The bonds were bought through a private placement by 88 investors, out of which 87 were individual investors and one institutional investor.

The private placement and the admission to trading were carried out by Tradeville, as Authorized Advisor.

Agroland will use the capital raised to finance the development of new modern stores with areas of 400 square meters. This new type of store aims to meet the needs of both traditional customers and a new segment of customers, with above average incomes and having hobbies such as gardening, raising pets or exhibition / farm.