Agricover Holding, a Romanian group that provides services to local farmers, will issue €40mn worth of bonds under a private placement, Profit.ro reported, after the company’s shareholders approved the move. The company will later float the papers on the Bucharest Stock Exchange (BVB).
Agricover Holding Group is controlled by Iranian businessman Jabbar Kanani (87.2%), a major player in the local agricultural market, while the European Bank for Reconstruction and Development (EBRD) holds a 12.7% minority stake.
The bonds will have a maturity of seven years and a nominal value of €50,000 or €250,000 (to be decided by the managing board), making them inaccessible to small individual investors.
The company's managing board will also decide the yield upon the book-building process.
The group includes the companies Agricover, Agricover Credit IFN, and Abatorul Peris. The agri-business division comprises mature business lines — distribution of inputs (seeds, pesticides, fertilisers and diesel), grain trade, silage services, milk recovery — and the group's new businesses — distribution of fresh vegetables and fruits and pork processing. The agri-finance division includes financing and specialised insurance services for agriculture.
Related Articles
Eurasian Development Bank redeems €286mn Eurobond
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
Georgia’s TBC Bank weighs up separate IPO for TBC Uzbekistan digital bank
London-listed TBC Bank Group PLC (LON: TBCG) is weighing up conducting a separate initial public offering (IPO) for its TBC Uzbekistan digital bank business. Reuters on February 24 ... more
EBRD boosts Ukraine financing to record €2.9bn in 2025 amid war
The European Bank for Reconstruction and Development (EBRD) deployed a record €2.9bn in finance in Ukraine in 2025, up from €2.4bn a year earlier, the EBRD said in a press release. The EBRD ... more