Tricomserv Issues First RON 2.5M Bond Set on Bucharest Stock Exchange

Tricomserv, a Romanian company specialised in industrial production and manufacturing of equipment for water supply and sewage systems, makes its debut in the Multilateral Trading System of the Bucharest Stock Exchange (BVB) with its first issue of corporate, secured and non-convertible bonds, worth RON 2.5 million.The bonds with the ticker symbol TRI29, with a total of 25,000 units, have an individual nominal value of RON 100/bond and a fixed annual interest rate of 11%, reaching maturity on 4 March 2029.

BRK Financial Group, as an authorised Consultant, intermediated the admission for trading of the bonds issued by Tricomserv. A number of 25 investors subscribed to the offer, of which 24 natural persons and 1 legal entity.

According to the Memorandum, Tricomserv wishes to strengthen its position in the market of producers and dealers of equipment designed for industrial and domestic use and in water supply solutions. The market of equipment for domestic use has high potential for development and the funding targeted to cover this segment will ensure an increase in the market share for Tricomserv. The company management intends to finalize the current project portfolio, for which it concluded agreements in a total amount of RON 14.6 million.

Bucharest Stock ExchangeBVBcorporate bondsequipmentfirst issueindustrial productionmanufacturingMultilateral Trading SystemsewageTRI29Tricomservwater supply
Comments (0)
Add Comment