Romanian luxury jewelry chain Taylor Holding has decided to issue two private placement bonds in local and foreign currencies on the Bucharest Stock Exchange, the company said in a statement on the Bucharest Stock Exchange (BVB), which had previously listed its bonds. ) was announced through a memo published in
Both local bonds and foreign currency-denominated bonds have a maturity of five years. The semi-annual coupon is set at 9.5% in local currency and 8.5% in euros.
Taylor’s outstanding five-year bonds, issued in December 2021 and maturing in 2026, trade at a yield to maturity of just over 11% in local currency and close to 10% in euros.
The first private placement will be a registered, non-guaranteed, non-convertible bond of up to RON 15 million (EUR 3 million), denominated in local currency, with a nominal price of RON 100.
The second private placement will be for euro-denominated registered unsecured, non-convertible notes with a face value of €100 and a maximum amount of €5 million.
Debentures can be repaid early and in full at the company’s initiative starting from the second year of the debenture’s life. In that case, the company will pay the holder a “clean” redemption price of 101%. Tradeville brokers the issuance of new corporate bonds.
iulian@romania-insider.com
(Photo courtesy of Taylor)
