- The total targeted amount is up to 10 million euros. The holding intends to raise this amount from investors over the next 2 years.
- The bonds will have an annual interest rate of up to 12% and a maturity period of at least 3 years but not more than 5 years from the issuance date.
- The goal is to finance new strategic investments (complete or partial acquisitions of companies) to diversify and optimize the holding's portfolio.
- Positive developments and a strategy focused on performance and resilience. In H1 2024, ROCA Industry reported a cumulative business growth of 9.5% compared to the same period in 2023.
Bucharest, September 2nd, 2024– ROCA Industry, the first Romanian holding company in construction materials, listed on the main market of the Bucharest Stock Exchange (BVB) under the symbol ROC1, announces that shareholders have approved the proposal to initiate the company's first bond issuance program on the local capital market. The maximum nominal value is 50 million RON (approximately 10 million EUR), with a minimum threshold of 25 million RON, at which point the program will be declared successfully completed. The launch of this program may commence within the next two years.
Recently, the holding reported increased results for the first half of 2024: cumulative business revenue of 314.5 million RON, up 9.5% compared to the same period in 2023, with EBITDA 75.2% above the value from H1 2023, and a cumulative net profit of 4.5 million RON.
The bonds issued under the program will have an annual interest rate of up to 12%, with maturities ranging from 3 to 5 years for each issuance. The conditions are aimed at attracting a broad spectrum of investors, particularly those looking for low-risk investment opportunities with pre-established returns in the medium and long term. The competitive interest rate reflects ROCA Industry's strategy to provide an attractive yield for investors while maintaining financial stability and sustainable growth of the portfolio.
Through this program, ROCA Industry aims to attract financial resources for new strategic investments: complete or partial acquisitions of new companies that will contribute to the diversification and optimization of the investment portfolio. By accessing various capital market-specific financing instruments, the holding aims to further support the growth and development of its owned companies, thereby strengthening their positions in local and regional markets and fostering the emergence of new industrial champions in Romania.
The launch of this first bond issuance program for the holding, less than six months after our listing on the main market, marks an important moment in our development, providing us with access to diversified funding sources. With the attractive conditions offered, we aim to attract new active investors to the BVB to broaden the holding's horizons and explore new growth opportunities together. We continue what we promised: to develop a robust and diversified portfolio of champion companies that are competitive in European markets, generating long-term value for shareholders and for the Romanian industry as a whole,” stated Ionuț Bindea, CEO of ROCA Industry.
The bonds may be offered in one or more public sale offers and/or one or more private placements to investors, through an offer addressed to qualified investors and/or to a smaller number of up to 150 individuals or legal entities other than qualified investors. The program launch can begin within the next 2 years. The bonds will be admitted to trading on the regulated market of the BVB, thereby providing investors with the opportunity to participate in ROCA Industry's expansion plans and benefit from the growth opportunities identified by the holding in the market.
ROCA Industry has rapidly evolved in terms of creating and consolidating its portfolio of companies, and it continues to aim for expansion in the construction materials industry and related sectors, which have growth potential and are oriented toward the products of the future. Additionally, the holding is focused on companies with growth potential in their specific fields of activity and that have geographical expansion potential at the European level.
ROCA Industry holds, directly and indirectly, a number of 9 significant players in the construction sector: BICO Industries (the first and largest national producer of fiberglass mesh and the only domestic producer of fiberglass reinforcements), EVOLOR (one of the largest players in the paint and lacquer production industry), ECO EURO DOORS (the largest Romanian manufacturer of doors for residential construction), WORKSHOP DOORS (the second largest Romanian manufacturer of doors for residential construction), DIAL (producer of metal wire products), ELECTROPLAST (one of the most important producers of electrical cables), as well as fiberglass producers Terra, Europlas, and Iranga, through BICO Industries.
ROCA Industry deține, direct și indirect, un număr de 9 jucători semnificativi din domeniul construcțiilor: BICO Industries (primul și cel mai mare producător național de plasă din fibră de sticlă și singurul producător autohton de armături din fibră de sticlă), EVOLOR (unul dintre cei mai mari jucători din industria de producție de vopsele și lacuri), ECO EURO DOORS (cel mai mare producător român de uși destinate construcțiilor rezidențiale), WORKSHOP DOORS (al doilea cel mai mare producător român de uși destinate construcțiilor rezidentiale), DIAL (producător de produse din fir metalic), ELECTROPLAST (unul dintre cei mai importanți producători de cabluri electrice), precum și producătorii de fibră de sticlă Terra, Europlas și Iranga, prin intermediul BICO Industries.