Bucharest Stock Exchange (BVB) informs that on Thursday, June 23, will start trading the bonds issued by Crama La Salina, worth EUR 2mn, on the Multilateral Trading System (MTS) of BVB. The bonds will be traded under the ISSA26E stock ticker. Crama La Salina is a wine producer from Turda, which manages 42 hectares of the Durgau Hills.
Crama La Salina held a private placement for bonds at the end of the last year, in which 41 investors participated, out of which 40 retail investors and one legal entity. The company sold 20,000 guaranteed, non-convertible, dematerialized bonds, with a nominal value of 100 Euro per bond. The subscription price within the offer was at the nominal value. The bonds have a maturity of 5 years, maturing on December 10, 2026, and an interest rate of 8% per year, with a quarterly payment. The funds raised from the bond issue will be used for wine production and the organization of promotion and sales events in the vicinity of the vineyard, as well as for the expansion of the winery, the construction of new facilities, equipping with an analysis laboratory, and for the purchase of barrels, stainless steel tanks and pumps. The private placement and the listing were made with the BRK Financial Group’s support.
More information on the bonds issue is available here.