The bond issue has a fixed interest rate of 8.75% a year, payable half-yearly.
iHunt sold 70,000 three-year bonds with a face value of RON100. Subscriptions reached RON10.1 million.
The bonds will be listed on the Bucharest Stock Exchange’s multilateral trading system.
Founded in 2015, Ploiesti-based iHunt Technology (HUNT.RO), a producer and supplier of mobile phones, gadgets and accessories.
In the first half of 2020, iHunt Technology had a turnover of RON14.7 million, up 52% on the year, and a net profit of RON1.88 million, triple compared with the net profit obtained for the full year 2019.