The issue has a nominal value of RON7 million and includes 70,000 bonds with a 4-year maturity and a face value of RON100/ bond. The bonds were issued in January 2021 and have a fixed interest rate of 8.75% per year, payable half-annually.
The company conducted a private bond sale at the end of January 2021, carried out by SSIF TradeVille. Investors placed subscription orders worth over RON8.6 million and the placement closed early. The bonds were allocated to 84 retail investors.
iHunt Technology Import Export started its activity in 2015 as a direct importer of mobile phones and accessories from China, with two employees and a share capital of RON200.
The company developed rapidly and in July 2019 it was listed on the AeRO market of the Bucharest Stock Exchange. At the end of the first day of trading on AeRO, iHunt had a capitalization of RON12.2 million and has since reached a capitalization of RON98 million.
The founder of iHunt, Cezar Stroe, holds 74.28% of the company’s shares, and his father, Corneliu Stroe, holds 5.15% of the shares. The difference of just over 20% of the shares is in the portfolios of other investors.