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Aforti Holding bonds start trading on Bucharest bourse

Aforti Holding bonds start trading on Bucharest bourse Aforti Holding makes its first step on the Romanian capital market Source: BVB

BUCHAREST (Romania), October 12 (SeeNews) - A 2 million lei ($467,200/404,200 euro) bond issued by Aforti Holding - a company listed in Poland, started trading on the Multilateral Trading System of the Bucharest Stock Exchange on Tuesday, the bourse said.

The bonds are traded under the AFH25 ticker, the bourse said in a press release.

In September 2020, Aforti Holding sold in a private placement 20,000 unsecured, unsubordinated corporate bonds with a nominal value of 100 lei. The bonds have the maturity date on September 4, 2025, and an annual interest rate of 10%, with a half-yearly payment.

The proceeds will finance the company's activity in Romania. The bond issue is part of the company's expansion strategy in Central and Eastern European countries.

Aforti Holding, established in 2009 in Poland, provides financial, technological, administrative and investment advice to the component entities of the Aforti Financial Group, which provide financial services to micro, small and medium-sized enterprises.

The company has been active on the Romanian market since 2017, and currently operates Aforti Factor Romania I.F.N. and Aforti Distribution Romania, which offers factoring services and, respectively, distribution of the group's integrated products and services on the Romanian market.

Aforti Holding is currently active in Poland, Romania, Bulgaria, Lithuania, Cyprus and plans to expand, by 2023, to Latvia, Estonia, Croatia, Hungary, the Czech Republic, and Slovakia.

(1 euro=4.9485 lei)