SBA Furniture Group distributed 2.7 million euro bonds | Business

The value of the entire issue of bonds distributed by the company since March 18 is 8 million. euros.

“Our predictions have come true – the market has expressed interest in opportunities to invest in a stable business and receive a stable return that meets the investment risk. Most of them – 80 percent. the first part of the issue was purchased by corporate and institutional investors,” Nerijus Aukščiūnas, head of her company’s treasury, said in a statement.

The nominal value of one bond issued by SBA Furniture Group was 1 thousand. euros, and the minimum investment amount is 20 thousand. euros. The rest, more than 5 million EUR bonds are planned to be issued by the middle of the year.

In mid-March, SBA planned to raise 5 million during the first round of bond issuance. euros, and at the end of June to spend the rest, 3 million. part of the euro value.

According to SBA, the raised funds are intended to implement a change in the financing structure, to repay part of the loans that financed the increase in the capacity of furniture manufacturing companies ahead of time, as well as to prepare for a new stage of production growth.