Life is Hard is listing 45,101 convertible and unsecured corporate bonds with a nominal value of RON100, a coupon of 8% per annum and with a maturity date on December 23, 2025.
The bonds were offered in two stages, the first one intended for the issuer’s shareholders, held between October 25, 2021 and November 23, 2021, and the second one, the private placement stage, held between December 6, 2021 and December 17, 2021. The capital market operations related to the bond issue and the LIH25 listing were made with the support of BRK Financial Group.
The funds raised by the company through the bond issue will be used to finance its development projects.
Life is Hard (LIH.RO) has been listed on the AeRO market since December 8, 2015. The company, with a stock market capitalization of RON65 million, is 32.8% owned by Ioan-Catalin Chis, 31.1% held by Active Power Solutions and 10.25% run by Florentina Sbîrnea.
LIH shares have lost 4.09% since the beginning of 2022 amid deals worth RON1.5 million, in line with stock market data.