The bonds with the ticker symbol TRI29, with a total of 25,000 units, have an individual nominal value of RON 100/bond and a fixed annual interest rate of 11%, reaching maturity on 4 March 2029.
BRK Financial Group, as an authorised Consultant, intermediated the admission for trading of the bonds issued by Tricomserv. A number of 25 investors subscribed to the offer, of which 24 natural persons and 1 legal entity.
According to the Memorandum, Tricomserv wishes to strengthen its position in the market of producers and dealers of equipment designed for industrial and domestic use and in water supply solutions.
„The market of equipment for domestic use has high potential for development and the funding targeted to cover this segment will ensure an increase in the market share for Tricomserv. The company management intends to finalize the current project portfolio, for which it concluded agreements in a total amount of RON14.6 million,” reads the company’s statement.
Trimconserv posted RON921,210 profit in 2023 and RON10.5 million turnover, down 22%. The company’s shareholders are Ioan Varga (52.5%), Marin Negoita (42.5%) and Iolanda-Ioana Varga (5%).
(English version by Catalina Apostoiu)