The Board of Directors of the company approved the terms and conditions of the offering, which will be conducted via private placement handled by BT Capital Partners.
The new issue will include up to 30,000 nominative, dematerialized, secured and non-convertible corporate bonds, each with a nominal value of EUR100. The coupon will be paid quarterly and the bonds may be redeemed early, according to the Offering Document. Agroserv has a RON70 million capitalization.
The proceeds will be used to redeem the bonds issued by the company in 2020, listed on the AeRO market of the Bucharest Stock Exchange under the symbol MILK25E, as well as to support the company’s financial flexibility and long-term growth strategy.
(English version by Loredana Fratila-Cristescu)