Teilor Holding lists two new bond issues on BVB, raising nearly €4.4 million

Business Forum
Teilor Holding, encompassing the luxury jewelry chain Teilor, Teilor Invest Exchange, and Invest Intermed GF IFN, has announced the listing of two new bond issues on the Bucharest Stock Exchange (BVB). 

The total value of these issues is approximately RON 21.9 million (€4.4 million).

The first issue, denominated in lei with the stock symbol TEI29, has a total value of RON 7.4 million. These bonds have a nominal value of RON 100 each, a fixed annual interest rate of 9.5%, and will mature on October 30, 2029. 

The second issue, denominated in euros with the stock symbol TEI29E, has a total value of EUR 2.92 million. The euro bonds also have a nominal value of €100 each, a fixed annual interest rate of 8.5%, and will mature on October 30, 2029.

“The capital market is a very efficient source of financing, which helps companies to develop rapidly. A strong economy cannot exist without a solid capital market, just as no healthy capital market can function without a strong economy,” stated Mircea Varga, Chairman of the Board of Directors of Teilor. 

Teilor said that 14% of the raised capital will be allocated to the development of Teilor, while the remaining 86% will be directed to MoneyGold, the financial intermediation company. 

The company intends to utilize the funds from these long-term loans to support working capital and finance investment expenditures aimed at expanding its agency network and increasing its market share.

Teilor also has two other bond issues, TEI26 and TEI26E, listed on the BVB, which are set to mature in 2026.

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