Teilor Holding, the company behind the Teilor jewelry store chain, will list two corporate bonds on the Bucharest Stock Exchange on Thursday, April 13. These bonds, issued in October last year, have a total value of nearly EUR 4.5 million. They will be traded on the AeRO Multilateral Trading System.
The most valuable bond is euro-denominated (TEI29E). It has an annual interest rate of 8.5% and will mature in 2029. This bond amounts to EUR 2.93 million. The second bond (TEI29) also matures in 2029. It offers a 9.5% interest rate, payable semi-annually in Romanian leu.
Funds raised from these bonds will support the company’s expansion. The money will help strengthen the Teilor jewelry network, develop the sustainable luxury brand DAAR, and open new agencies under the MoneyGold group.
“Moving forward, we will focus on areas with the highest growth potential. This will allow the Group to provide top-tier products and services, from Teilor’s luxury jewelry and DAAR’s sustainable jewelry to MoneyGold’s financial and retail services,” said Mircea Varga, Chairman of the Board of Directors at Teilor Holding, as cited by Profit.ro.
This is not the first time Teilor Holding has issued corporate bonds. In late 2021, the company listed two bond issues on the AeRO market of the Bucharest Stock Exchange, both maturing in 2026.
One of these earlier bonds (TEI26E) is euro-denominated, valued at EUR 6.27 million, and carries a fixed interest rate of 5.75%. The other is denominated in Romanian leu, worth RON 14 million, with an annual interest rate of 8.25%. Both are currently trading below their nominal value.
Teilor is an international luxury jewelry chain with 25 years of experience. The company operates 65 physical stores across Romania, Poland, Hungary, Bulgaria, and the Czech Republic.
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