The bonds will be listed on the multilateral trading system of the Bucharest Stock Exchange. Laptaria cu Caimac is the first dairy business to list bonds on the capital market’s alternative trading system.
The company offered 20,000 bonds at a face value of EUR100. The offer was oversubscribed and supplemented and the company raised EUR3 million at an interest of 5.25%, the lowest financing cost obtained in 2020 for similar bond issues.
The company will use the financing to develop its dairy factory, expand production and building a new warehouse. In addition, Laptaria cu Caimac plans to build a bio-gas station and a recovery and recycling system for its glass packaging. It estimates it will invest EUR16 million over the next two years.