“Bonds have a maturity of maximum three years, with a repurchase option before maturity at the company’s initiative, at a maximum interest rate of 9% per year, payable quarterly or half-yearly, and are fully reimbursable upon maturity,” per the company’s summoning notice.
The program will be carried out during the period and under the conditions set by the company’s Board of Directors, within a maximum period of three years after the publication in the Official Journal of Romania of the decision of the Extraordinary General Meeting of Shareholders approving the bond issue, per iHunt Technology representatives.
The company has a market value of RON11 million and is 84.5% owned by Cezar Catalin Stroe.
iHunt shares have been trading up 1.78% since the start of 2020, amid deals worth RON1.3 million.