The online retailer and manufacturer of mobile phones and gadgets iHunt listed its first corporate bond issue on the Bucharest Stock Exchange (BVB), on the Multilateral Trading System (SMT). The issue has a nominal value of RON 7mn and includes 70,000 bonds with a 3-yrs maturity and a face value of RON 100/ bond. The bonds were issued in November 2020 and have a fixed interest rate of 8.75% p.a., payable half-annually.

“iHunt is the first finalist company of the Made in Romania program developed by BVB that successfully managed to be listed on the AeRO market. Through the Made in Romania program and the workshops conducted by BVB, iHunt became aware of the possibility of accelerated funding and growth, which it subsequently applied. After listing the company in 2019 and confirming the strong growth strategy in 2020 with excellent results, iHunt concludes, in advance, with a 45% oversubscribed offer, a first private placement of corporate bonds, which together with BVB we can list today with the ticker HUNT23. Investor confidence honors us, but at the same time obliges us to the performance and rapid development of the iHunt brand”, said Cezar Stroe, iHunt founder and CEO.

The company conducted a private bond sale at the end of October, carried out by SSIF TradeVille. Investors placed subscription orders worth over RON 10mn, compared to the target value of iHunt of RON 7mn. The bonds were issued in early November and were allocated to 63 retail investors.

iHunt Technology Import Export started its activity in 2015, as a direct importer of mobile phones and accessories from China, with two employees and a share capital of RON 200. The company developed rapidly, and in July 2019 it was listed on the AeRO market within BVB’s Multilateral Trading System. At the end of the first day of trading on AeRO, iHunt had a capitalization of RON 12.2mn and, currently, the company has a capitalization of RON 75.8mn.