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Wireless

iHunt bond offer oversubscribed by 45%

Monday 2 November 2020 | 11:12 CET | News
Romanian electronics maker iHunt Technology has completed its first issue of corporate bonds, writes local paper Ziarul Financiar. CEO Cezar Catalin Stroe said the bond offer was closed early and oversubscribed by 45 percent. A total of 70,000 bonds were sold with a nominal value of RON 100 and a maturity of three years, while the total value of the subscriptions reached RON 10.1 million. The company will use the funds to finance both its production growth as well as its expansion into Hungary and Bulgaria.

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Categories: Mobile & Wireless
Companies: iHunt Technology
Countries: Bulgaria / Hungary / Romania
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