As of February 14, Magnetic MRO has started its bond trading on the Nasdaq Baltic First North bond market.
Magnetic MRO carried through a private placement of unsecured bonds and raised €8 million (US$9.1million) to support the company’s growth plans, including financing a strategic acquisition. The nominal value of one bond is 100 euros (US$114), coupon rate is 8% per annum and paid out quarterly. The bonds will mature in three years. The bonds were subscribed by 70 investors from Estonia, Latvia and Lithuania.
