Agroland used the money raised via this bond issue to fund its day-to-day business, the group said in a statement to the Bucharest Stock Exchange. More precisely, it used the money to buy three months’ worth of raw material for its plants in Isalnita and Caransebes, as it estimates the grain price to rise over the coming period.
The bonds (AGR28.RO) are dematerialized, unsecured, non-convertible and are 69,206 in all, with a nominal value of RON100 each.
The broker of Agroland’s bond issue admission to trading was Tradeville, as licensed consultant. A total of 74 investors subscribed to the offering.
(English version by Loredana Fratila-Cristescu)