International Leasing, the only relevant company traded on the Rasdaq market, issued bonds for the third time in 2005, amounting to a total value of 4.8 million new lei, during a public offer where 119 natural and legal persons, according to a release of the company, subscribed some 180,024,000,000 old lei.

This bond issue targets at financing the operational leasing agreements. The above-mentioned leasing company issued some 48,000 nominative bonds insured, non-convertible, in dematerialised form, having a face value of 100 new lei (one million old lei, 1 euro selling for about 3.6 new lei). International Leasing borrows money for four years, reimbursement being scheduled in four annual instalments equal to a variable interest rate, calculated for each half of the year at the BUBOR+2.25 percent level. The afferent interest for the first period of calculation is 10.75 percent per annum.

The public offer was carried out over December 12-23, 2005, the placement being intermediated by the SSIF Intercapital Invest manager and also by the co-manager of BCR Securities and insured by BCR Insurance. The issues in the previous years, amounting to 220,000 new lei, 1.5 million new lei respectively, were already redeemed.The company has a capital of 7.26 million new lei (72.6 billion old lei), the majority shareholder being general manager Ioana Necula, with 71.12 percent of the titles.

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