The funds attracted through this bond issue will support the development of the company’s current activity, as well as the financing of the expansion on foreign markets.
The company sold in a private placement of bonds 10,000 corporate bonds, with a value of EUR500 per bond. The company managed to attract funds worth EUR5 million from stock market investors.
Bonds mature on July 23, 2026, carrying an annual fixed coupon rate of 7.5%, payable half-yearly. During the private placement held in July 2021, a number of 127 investors subscribed, of which 18 were qualified and 109 retail investors. The private placement and listing were made with the support of TradeVille.
Prefera Foods, held by entrepreneur Raul Ciurtin, is one of the largest players in the canned food market in Romania. The company has a factory in Alba County, in Oiejdea locality, where it produces canned foods and the brands included in the company’s portfolio include Capricii și Delicii, Meniu, Rodna, Calusar and Atelier Medias.