Bonds issued by the Romanian company Capital Fleet Services (CFS18) are floating as of today, February 8th, 2016 on the Bucharest Stock Exchange (BVB) AeRO market. According to a press release, this is the third corporate bond listed on the Alternative Trading System of the BVB.
The company raised RON 2.85 million in November, by selling three-year maturity bonds at a fixed interest rate of 8 percent p.a., payable quarterly.
Capital Fleet Services is part of Capital Group along with Capital Leasing IFN SA, Capital Asig – Insurance Brokers SRL, Capital Auto SRL and Capital Financial Technology SRL, a group of legal entities, operating in finance, insurance, technology, car management and ICT. Since 2004, its founding year, Capital Fleet Services activates in operational leasing field, undertaking renting and leasing of cars, light motor vehicles, and equipment used in the most important domains of the Romanian economy.
In the sale offer (private placement), there were sold a total of 2,850 bonds at the nominal value of RON 1,000, being purchased by a number of eight investors (three corporate investors and five private individuals).
“We are glad that more and more SMEs with growth potential are choosing the capital market as a source of funding. Companies in this segment have so far attracted over RON 10 million by issuing bonds or shares on the AeRO market. This demonstrates that the stock exchange becomes a real option when a good company, led by an entrepreneur with vision, is in search of funding. In addition, we see more and more investors placing their money in such companies with potential”, Ludwik Sobolewski, CEO of BVB said.