The total value of the guaranteed, RON-denominated bonds stands at RON 25 million (€5 million). The bonds, comprising 250,000 units, carry a fixed annual interest rate of 9%, payable quarterly, with maturity set for August 2028. 

The private placement, which attracted 15 institutional investors, was conducted between December 2024, and January 2025.

The funds raised will be directed towards current activities and investments, specifically Phase II of the Nusco City residential project. This phase, which commenced in 2023 and is scheduled for completion in 2026, features a total built area of 69,450 sqm and includes 828 apartments and 994 parking spaces. The gross development value is estimated at €196 million.

Michele Nusco, CEO of Nusco Imobiliara, said: "This new phase further reaffirms our commitment to investing in Romania and reinforces confidence, especially towards the Romanian investors.”

The admission to trading was brokered by BRK Financial Group.