Bucharest Stock Exchange (BVB) informs that on Friday, February 18, will start trading the bonds issued by INOX worth EUR 1mn. The bonds will be traded on the Multilateral Trading System under the ticker INOX24E. INOX is a Romanian company from Magurele specialized in the production of stainless-steel metal garments and equipment for industrial kitchens in the Horeca field, for the naval and cruise ship industry. Inox also produces medical devices, respectively disposable surgical masks. INOX is a listed company since February 22, 1997.
INOX sold 10,000 non-convertible and unsecured corporate bonds in a private placement in early September 2021 to 38 investors. The bonds have a nominal value of EUR 100, with a maturity date in September 8, 2024, and a coupon of 8% p.a., with quarterly payment. The funds will be used for the purchase of new equipment and the rehabilitation of existing facilities.The private placement and the bonds listing were carried out with BRK Financial Group’s support.
With the listing occasion, INOX team will ring the Bucharest Stock Exchange bell on the 18th of February. The event will be broadcast LIVE, from 10 AM, on BVB's social media channels Facebook, YouTube, and LinkedIn.
More information on the bonds issue is available here.