Qualis Properties carried out a private placement in January, attracting almost EUR2.1 million from investors, by selling bonds with a 3-yrs maturity and a fixed interest rate of 9%, payable quarterly. The 20,937 bonds have a face value of EUR100/ bond and were bought by 51 investors, of which 49 individuals and two legal entities.
Through this bond issuance, the Issuer intends to make an investment by purchasing a land worth EUR 5.3mn, on which it intends to carry out a premium project with 700 apartments and 13,000 sqm. of commercial space. The company has been developing residential projects since 2017, in areas with a good development dynamic in Brasov, and the residential projects have been carried out in stages.
Qualis Properties has a share capital of RON90,000, divided into 90,000 shares, with a nominal value of RON1/ share. Entrepreneur Catalin Dumitru Mandru is the owner of the company, with 95% of the shares on his own name, and the rest of 5% through Kron Build SRL.
SSIF BRK Financial Group assisted the private placement and, at the same time, the listing of the bonds on BVB’s MTS, as Authorized Consultant. BRK Financial Group will continue to assist Qualis Properties for the next 12 months, after listing, to meet investor reporting and information requirements.