The second bond issue of the Romanian company Golden Foods Snacks starts trading on Tuesday on BVB s Multilateral Transaction System


Bucharest Stock Exchange (BVB) informs that on Tuesday, February 23rd, the second bond issue of Golden Foods Snacks, the Romanian company that owns the ELMAS brand of seeds, nuts and dehydrated fruits, will start trading on the BVB’s Multilateral Trading System (MTS). The bonds will be traded under the ELMAS23 ticker ISIN ROU2QCH8K485.

The issue has a face value of RON 4mn and includes 40,000 bonds with a 3yrs maturity a face value of RON 100/ bond. The bonds were issued in October 2020 and have a fixed interest rate of 9% p.a., payable quarterly.

The company conducted a private placement for the sale of bonds between October 15th and 30th, 2020, carried by BRK Financial Group. The bonds were issued at the end of October and were allocated to 70 investors, of which 6 legal entities and 64 individuals.

The funds attracted by the company will be used to increase working capital (EUR 300,000), as well as to make investments, including the purchase of the building where it operates in Filipestii de Padure (EUR 500,000), in order to reduce the cost of rent, and the purchase of a production line for fluffs, to expand the range of products in the portfolio (EUR 200,000).

BRK Financial Group also assisted the listing of the company's bonds on the BVB’s MTS, as Authorized Advisor. At the same time, BRK Financial Group will continue to assist Golden Foods Snacks in the next 12 months, following the listing of bonds, to meet investor reporting and information requirements.

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