Prefera Foods bonds will start trading on September 10


Bucharest Stock Exchange (BVB) informs that on Friday, September 10th, the first Prefera Foods issue of bonds worth EUR 5mn will start trading on BVB’s Multilateral Trading System, under the ticker PRF26E. Prefera Foods is one of the largest players in the canned food market in Romania. The funds attracted through this bond issue will support the development of the current activity, as well as the financing of the expansion on foreign markets.

The company sold in a private placement of bonds 10,000 corporate bonds, with a value of EUR 500 per bond. The company managed to attract from investors funds worth EUR 5mn. The bonds have the maturity date on July 23rd, 2026, and an annual fixed coupon rate of 7,5%, payable semi-annually.  During the private placement held in July this year a number of 127 investors subscribed, out of which 18 were qualified and 109 retail investors. The private placement and listing were made with the support of TradeVille.

More information about the bond issue is available on the BVB website at this LINK.