Agroserv Mariuta launches guaranteed bond issue worth up to 3 million euros

Agroserv Mariuta SA, a Romanian company in the agricultural sector, is launching a private placement for a new issue of corporate bonds, worth up to 3 million euros, the company announced in a press release.The funds raised will be used primarily to refinance existing MILK25E bonds, worth EUR 3 million, issued in 2020, as well as to support the company's financial flexibility and long-term growth strategy.According to the cited source, the bonds will be denominated in euros, with a nominal value of 100 euros each, a fixed annual interest rate of 9.5% and a maturity of three years, until 2028. The interest will be paid quarterly. The new bond issue is a secured one, a type of instrument rare on the local capital market, being supported by a mix of real estate guarantees and pledges on receivables."By launching a guaranteed bond issue, we want to provide an additional degree of security and confidence to those who choose to invest in our business. In recent years, Agroserv Mariu?a has demonstrated resilience and growth capacity in a competitive market. In the first half of 2025, we recorded sales of 50.6 million lei, up 20% compared to the same period of the previous year, and a net profit of 3.4 million lei, marking a comeback after the loss reported in the same period of 2024. The dairy factory remains the main growth engine, and consumer confidence in the Laptaria cu Caimac brand confirms the stability of our integrated business model - from cultivating land, to raising cattle and processing milk. The refinancing of the MILK25E bonds continues the use of "financing through the capital market, started in 2020, when investor support allowed us to expand our processing capacity by building a hall dedicated to cheese maturation and butter production," said Cornel Danila, general manager of Agroserv Mariuta, quoted in the press release.The bond issue was approved by the Extraordinary General Meeting of Shareholders on October 27, 2025. The offering will take place between October 28-30, 2025, as a private placement addressed to a maximum number of 149 retail investors and qualified investors, in accordance with applicable European regulations. The transaction will be brokered by BT Capital Partners.The new issue, which will be traded under the symbol MILK28E, will be secured by a mortgage on 53 agricultural land parcels and 2 plots of land with a total area of over 70 hectares, with an estimated market value of EUR 733,200, according to an independent valuation carried out in October 2025, as well as by a pledge on receivables arising from a supply contract with a major retail chain in Romania.In addition, the company undertakes to provide additional guarantees up to at least 100% of the issue value by the end of 2026, upon the expiration of the distribution contract with this retail chain. If this condition is not met, bondholders will have the right to request early redemption starting January 1, 2027.After the successful completion of the private placement, Agroserv Mariuta will submit the application for admission to trading of the bonds on the AeRO market of the Bucharest Stock Exchange, where the company's shares are already listed under the symbol MILK.Founded in 1994, Agroserv Mariuta is currently one of the few fully integrated agricultural companies in Romania, bringing together activities of cultivating agricultural land, raising cattle and processing milk. The company operates approximately 2,800 hectares of agricultural land and owns a herd of over 3,000 Holstein Friesian cows, producing approximately 40 tons of raw milk daily. Starting with 2018, the company processes its own milk under the brand Laptaria cu Caimac.    (Photo:https://laptariacucaimac.ro/)