Agroserv Mariuta, the company that operates under the dairy brand Laptaria cu Caimac, took the first step on the Bucharest Stock Exchange (BVB) on December 8, where the company’s first bond issue was listed. The bonds were listed on BVB’s Multilateral Trading System (SMT) and are traded with the MILK25E ticker.

Agroserv Mariuta carried out a private placement in November through which it sold bonds denominated in euros, worth 3 million Euro. The bonds will reach the maturity on November 2025 and they have an interest rate of 5.25% p.a.. The private placement was oversubscribed, and the offer was supplemented, the interest obtained being the lowest financing cost obtained in 2020 for similar bond offers. 94 investors, both individuals and institutional investors, subscribed to the private placement.

The funding obtained will be used to support the development of the factory, for the expansion of the production section and the construction of a new warehouse. The company’s management plans investments of 16 million Euro in the coming years, among the objectives being the construction of a biogas plant and a system for the recovery and reuse of glass.

“It is a very important day for us, the debut to trading launches a new chapter in the evolution of the company. We are happy with the confidence of investors and hope to remain at high rates for the IPOs as well. We want a close relationship with investors and the stock market because together we can build a real agrifood ecosystem in Romania and for that we need sustained investments”, stated Adrian Cocan, Agroserv Mariuta CEO.