The issue consists of 80,803 bonds at a face value of RON100 each. The bonds have five-year maturity, until March 10, 2025, and carry a fixed interest of 9% payable on a half-yearly basis.
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.
Agroland currently has 247 stores, of which 190 are operated by franchise partners.