The bonds have a total value of RON 6.92 million (€1.4 million) and will reach maturity in 2028. In addition, the bonds have a fixed annual interest rate of 9.75%.
The admission to trading was intermediated by Tradeville, which acted as an authorised consultant. During the offering, 74 investors subscribed to this issue.
This is the company's second bond issue, with the first due to be repaid in March 2025.
According to the published memorandum, the capital raised through this issue was used to finance the company's current activity. More specifically, the proceeds were directed towards the purchase of the necessary raw materials for the next three months for the factories in Işalniţa and Caransebeş.
The decision was made in the context of Agroland's management anticipating an increase in cereal prices in the coming period.
Agroland has been listed on the AeRO market of the Bucharest Stock Exchange since 2021.
