Crama La Salina is a wine producer from Turda, which manages 42 hectares of the Durgau Hills.
“The Bucharest Stock Exchange offers financing solutions for all Romanian companies in various development stages, and the listing of the first bond issue of Crama La Salina confirms it, once again. Crama La Salina is the third wine producer to debut on the stock exchange and the second on the Multilateral Trading System. We are glad every time a Romanian entrepreneur is confident in the capital market mechanisms and access the financial instruments available”, said Radu Hanga, President of the Board of Directors, Bucharest Stock Exchange.
“Today, June 23, 2022, is an important day for Crama La Salina, because together with the listing of the wine bonds at the stock exchange, we are taking another step towards our company’s development. We want to thank our investors who decided to invest in the ISSA26E bonds, and we assure them that we believe in our ability to deliver quality wines in a growing market. I would also like to thank to Crama La Salina team for all our work so far, as well as to the BRK Financial Group team for all their support in carrying out this project,” declared Maxim Ioan Ovidiu, Administrator, Crama La Salina.
Crama La Salina held a private placement for bonds, between 10-17 December 2021, in which 41 investors participated, out of which 40 retail investors and one legal entity. The company sold 20,000 guaranteed, non-convertible, dematerialized bonds, with a nominal value of EUR100 per bond.
The ISSA26E bonds have a maturity of five years, maturing on December 10, 2026, and an interest rate of 8% per year, with a quarterly payment.
The private placement and the listing were made with the support of BRK Financial Group.
The funds raised from the bond offer, worth EUR 2mn, will be used for wine production and the organization of promotion and sales events in the vicinity of the vineyard, as well as for the expansion of the winery, the construction of new facilities, equipping with an analysis laboratory, and for materials acquisition.
The story of Crama La Salina was born in Transilvania in 2005, and currently, its main activity is the production and sales of grapes and grapes products. Located in a historic area with a strong vocation for white wines, the settlement known today as Turda was called Potaissa during the Roman Empire. Thus, as a tribute to the millennial viticultural traditions formed in the past, Crama La Salina wines are called ISSA.