Lipomin sells bonds worth €12 mln for refinancing

Lipoman Lipova has the option to supplement the bond issue up to 500 bonds, worth a maximum €25 mln. At the end of September, shareholders of the soft drink producer approved the issue of bonds worth a total €25 mln to refinance various loans, finance the acquisition of participation in several companies, and finance current activities. According to own company sources, the funds obtained following this sale will be used for investments.

The 240 bonds will mature in five years, with annual interest worth 8.5 percent. The offer, handled by a syndicate made up of Banca Comerciala Romana (BCR) and the BCR Securities brokerage company, will be available from 5-18 February 2008.

Company shares, under the LIPO symbol, are traded on the Rasdaq base tier, on the XMBS section, at the latest price of RON 3/unit. The company’s share capital is worth €6.46 mln.