In line with a shareholder decision of September 2, 2021 whereby the launch of a new bond issue by Libra Internet Bank was approved and the bank’s Executive Board was empowered to take all necessary steps in this respect, the success rate of the new issue stands at RON4 million, with the possibility of supplementation up to EUR10 million.
Thus, the bank wants to issue 8,000 subordinated, nominative, dematerialized, non-convertible and non-guaranteed bonds, with an option to supplement up to 20,000 bonds.
The nominal value is EUR500 per unit and the final maturity is ten years from the issue date.
The fixed interest rate ranges from 5.5% to 6.5% per annum and is paid half-yearly. The operation is brokered by TradeVille.
The admission to trading of the bonds on a market managed by the Bucharest Stock Exchange will be set subsequently through a new decision of the Executive Board.
Libra Internet Bank is a member of US investment group New Century Holdings.