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Tuesday, October 27, 2020 
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Norofert corporate bonds will start trading on BVB MTS on June 5th

6/4/2020

Bucharest Stock Exchange (BVB) informs that on Friday, June 5th, will start trading on BVB Multilateral Trading System (MTS) the corporate bonds issued by Norofert (ticker – NRF25 , ISIN - ROX33LDBCW73),  three months after the company’s listing on the AeRO market within the BVB MTS.

The characteristics of these bonds are presented in the table below:

Value of the bonds (RON)

Number of bonds

Face value/ bond

Interest

Issue date

Maturity date

11,500,000

115,000

RON 100

8.5% p.a., fixed, payable on a half-yearly basis

January 27th, 2020

January 27th, 2025

 

The bonds were bought through a private placement by 93 investors (88 individual investors and 5 institutional investors).

The private placement and the admission to trading were carried out by Tradeville, as Authorized Advisor.

The company intends to use the funds attracted for expansion on the US market, more specifically for the approval of products in order to enter the US market. Norofert also intends to use the funds raised as working capital to support the growing demand for the company's products, as well as the growing portfolio of services and product lines.