The bonds of Ready Office Rent debut on BVB MTS on October 13 2020


Bucharest Stock Exchange (BVB) informs that on Tuesday, October 13, 2020, the bonds of the real estate leasing and sub-lease company Ready Office Rent (ROR22) will start trading on market segment dedicated to bonds of BVB’s Multilateral Trading System (SMT).

The issue comprises 51,882 guaranteed bonds, denominated in RON, with a face value of RON 100/ bond. Thus, the value of the issue amounts to almost RON 5.2mn. The bonds have a fixed interest rate of 8% per year, payable semi-annually, and the issuer guarantees the bonds with future receivables that will be collected from its customers. The issue was sold through a private placement in October 2019 and will mature in October 2022. The bonds were purchased by 97 investors (5 legal investors and 92 natural investors).

The listing of the bonds on the BVB MTS was assisted by the brokerage company Prime Transaction.

Ready Office Rent was established in 2012, having the name of Tradexpress Impex SRL (limited liability company), and in 2019 it was transformed from SRL into SA (joint-stock company) and the name was changed to the current one. The issuer has a share capital of RON 100,000, divided into 10,000 shares with a face value of RON 10/ share. The company's shares are held by Lucian Ciofoaia (9,950 shares - 99.50% of the share capital) and Narcisa Mindu (50 shares - 0.50% of the share capital).

More information about Ready Office Rent is available in the Memorandum prepared for admission to trading and published on the BVB website, at this LINK.