If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Friday, December 6, 2019 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Announcements


Listing of Implant Expert DSO bonds Dr Leahu Dental Clinics on BVB s MTS

11/29/2019

Bucharest Stock Exchange (BVB) informs that on Monday, December 2nd, the bonds issued by Implant Expert DSO, the company that operates Dr Leahu Dental Clinics, (DRL22) will start trading on the Multilateral Trading System (MTS) managed by BVB.

The securities are  non-guaranteed and non-convertible, they have a maturity of 3 years, maturing on October 29th, 2022, and a fixed interest of 7.5% p.a. payable on a quarterly basis. The issue includes 100,000 bonds, with a face value of RON 100, which means a total value of RON 10mn.

The funds attracted through the bond issue will be used to finance the company's accelerated development strategy. Thus, RON 8mn will be used for the purchase of a clinic based in London or Dublin, and RON 2mn will be targeted for investments in the operational infrastructure and IT necessary to support the accelerated pace of development, both through the opening of new clinics and through the acquisition of existing clinics.

The issue was placed by BT Capital Partners, the bonds being sold through a private placement between October 22nd – 24th, 2019.

The company was established in 2010, when Dr. Ionut Leahu opened the first medical office in Popesti-Leordeni. Currently, Dr Leahu Dental Clinics network has 7 clinics in Bucharest and 3 in the country (Pitesti, Timisoara and Turda), with 66 treatment rooms and a team of more than 350 people. The company offers quality dental treatments in a limited number of sessions and at competitive prices. In the nine years of activity, more than 27,000 patients were treated by Dr Leahu Dental Clinics.