The Bucharest Stock Exchange (BVB) announced on Wednesday that Ansett Logistics, a rail freight carrier has listed its first bonds worth half a million euros on the Multilateral Trading System under the ANS26E ticker, according to a press release.
In a private placement of bonds that took place in April 2021, the company sold 5,000 guaranteed corporate bonds, inconvertible, de-materialized, having a nominal value of EUR 100.
The private bond placement and the listing were made with support from BRK Financial Group.
Ansett Logistics attracted a total amount of EUR 500,000 from 29 investors. The bonds maturity date is on April 29, 2026, and an annual fixed coupon rate of 8%, payable quarterly.
The funds attracted from capital market investors are intended to complete the purchase of 125 wagons for the transportation of raw materials in the cement industry and to increase the working capital needed for the rail transportation activity.
‘The rail freight transportation is constantly in need of investment through the purchase of wagons to provide efficient logistics solutions for our customers,” said Nicolae Alexandru, Ansett Logistics CEO.
“The bonds offer a coupon that was found to be very attractive by the investors who participated in the private placement, and at the same time, the issue is guaranteed with a batch of over 40 wagons, valued at over EUR 700,000 – practically 140% coverage with guarantees”, said Monica Ivan, BRK Financial Group CEO.
Ansett Logistics was set up in 2005 and is a rail freight carrier, operating throughout Europe. In 2020, the company turnover was RON 41.1mln, with a slight decrease as compared to 2019 (RON 44.3mln). In 2020, the profit registered by the company was RON 688,190, with a decrease as compared to 2019, the year when the profit was RON 1.02mln.
By the end of 2021, the company estimates that it will rent another 70 wagons specialized in cement transport and expects a turnover of RON 44.3mln. For 2022 a turnover that is expected is RON 50.1mln.