A document published in the Official Gazette shows that Agricover Holding will issue nominative, unsecured, nonconvertible, dematerialized bonds with a seven-year maturity and a fixed interest rate (coupon rate) to be set by the Board of Directors following a book building process.
This is expected to be the biggest entrepreneurial financing on the Bucharest Stock Exchange.
In the summer of 2020, Agricover Holding, one of the leading players in the agribusiness sector, ended 2019 with consolidated revenue of over RON1.65 billion and loans granted in the amount of RON1.88 billion, generated by its Agricover, Agricover Credit IFN and Abatorul Peris divisions.
Agricover Holding has more than 1,050 employees and serves over 6,500 farmers exploiting over 2.4 million hectares of farmland across Romania.