The NUSCO28 bonds, 250,000 in all, have a fixed interest rate of 9%, payable quarterly and will mature on August 5, 2028. The private placement to sell them took place between December 17, 2024 – January 31, 2025, the company said in a statement.
According to the memorandum, the funds raised through the current bond issue will be used to finance current activities or investments in the development of the company, leading to the diversification of financing sources, ensuring flexible and rapid access to attract financial resources, and the share capital will not be modified through this bond issue.
The funds will be redirected to Phase II of the Nusco City project, which began in 2023 and is scheduled for completion in 2026. This project, with a total built area of 69,450 square meters, will include 828 apartments and 994 parking spaces. The gross development value estimated by Nusco Imobiliara for this project is EUR196 million.
(English version by Loredana Fratila-Cristescu)