Alive Capital bonds will be traded under the ticker symbol ALV23.
The bond issue has a total value of RON 10mn and includes 100,000 bonds, with a nominal value of RON 100/bond, 3-yrs maturity and an interest rate of 8% p.a., payable half-annually.
The company carried out a private placement at the end of December 2020 with the support of Intercapital Invest, the Authorized Advisor who also assisted the listing of the bonds issue on the BVB’s Multilateral Trading System.
The funds raised through the private placement will be used in investments in production of electricity from renewable sources and for technical support of integrated services activities, related to the production and sale of the electricity.
The issue is a premiere for the Romanian capital market, because there are the first “green bond”-type bonds issued, even though there is no specific local regulatory framework.
According to Confidas.ro data, Alive Capital is fully owned by Billi Giacomo. Giacomo also fully owns Alive Property and Credit Consulting Solution. The bonds listing memorandum shows the company has some 22 employees.
Alive Capital had a turnover of RON175.6 million in 2019, down 23.7% on the year, and a net profit of RON11 million, down 36.4% on the year. For 2020, it estimates a turnover of RON203 million and a net profit of RON14.9 million.