The value of the bonds amounts to RON11.5 million, consisting of 115 bonds at a face value of RON100 each. The bonds have five-year maturity, until January 27, 2025, and carry a fixed interest of 8.5% payable on a half-yearly basis.
The bonds were bought through a private placement by 93 investors (88 individual investors and five institutional investors).
The private placement and the admission to trading were carried out by Tradeville, as authorized advisor.
The company intends to use the funds attracted for expansion on the US market, more specifically for the approval of products in order to enter the US market. Norofert also intends to use the funds raised as working capital to support the growing demand for the company’s products, as well as the growing portfolio of services and product lines.