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ARC1T - Arco Vara AS News Story

€1.6 -0.0  -0.6%

Last Trade - 16/04/21

Sector
Financials
Size
Micro Cap
Market Cap £12.5m
Enterprise Value £19.8m
Revenue £12.2m
Position in Universe 504th / 795

Bond issue

Wed 16th December, 2020 11:21am
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Arco Vara AS conducted a bond issue as a result of which bonds in the amount
of 1,780,000 euros were issued.

The issue date of the bonds is 16 December 2020 and the maturity date is 13
December 2022. 178 bonds were issued in the nominal value of 10 000 euros with
interest rate 10% per year. The issued bonds were not guaranteed. The issued
bonds have been paid for in full. The bond issue was conducted in accordance
with Article 1 of Regulation (EU) 2017/1129 of the European Parliament and of
the Council and was not public.

Bonds were subscribed for by 16 investors. All subscription applications were
satisfied. No related parties were among the investors.

Proceeds of the bond issue will be used for financing the development of
Kodulahe project.

On 21 December 2020, Arco Vara AS will redeem on time the existing bonds with
2 year term and 12% annual interest in the aggregate amount of 1,325,000
euros.



Tiina Malm
 CFO
 Arco Vara AS
 Tel: +372 614 4630
 tiina.malm@arcovara.com
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