One issue of RON 15mn (EUR 3,4mn) corporate bonds issued by Imocredit IFN will start trading, Wednesday, June 3, 2015, at Bucharest Stock Exchange (BVB).
Imocredit IFN undertook during April 23 to May 4 a bonds sale offering, through which it attracted RON 15mn, funds that will be used for lending to customers.
The bonds are guaranteed, convertible to shares at maturity, and have a 7-yr maturity. These bonds have a nominal value of RON 8, with an interest rate fixed according to ROBOR 6M + a 3% margin. The interest payment will be made once every six months.
The offering was intermediated by the brokerage house BT Securities.
Imocredit IFN is part of the financial group Imofinance. The main activity of the Group is to provide financial services to individuals and businesses. Some of these services include: providing mortgages, housing loans, consumer loans, SME loans, as well as finance leasing for both individuals and legal persons.
On the Bucharest Stock Exchange are listed six corporate bonds issues, issued by Garanti Bank (GBR19), GDF Suez Energy Romania (GSER17), Raiffeisen Bank (RBRO16 and RBRO19), Transelectrica (TEL18) and UniCredit Tiriac Bank (UCT18), with a cumulated value of over RON 2bn (EUR 456mn).
Bucharest Stock Exchange runs markets for shares, bonds and other instruments, through regulated platforms and alternative systems, and provides a wide range of services to participants of financial markets. Bucharest Stock Exchange is a public company, listed on its own market since 2010. For more information refer to www.bvb.ro.
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