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Real Estate (NT) Development Company Rewo has distributed 3 million euros. Issue of European bonds with an annual salary of 12%. The company will finance the project in the municipality of Vilnius Pilaitskaya.
The company acquired 80% of its bonds at 14 months, with a demand of more than 10%, reports Rewo. Monetary bonds provide a graph, structures in effect, cash flows and shares.
A total of all issues was distributed to small investors through the RST project, a co-financing platform. Mortgage Bank, Legal and Financial Advisor to the Lewben Group
The question is timely and relevant, given the care and availability of the market. The Lithuanian real estate sector is relatively mature and professional, and it is even strange that the last issue of bonds was extended in 2008 as well. Although bonds are a more expensive alternative to lending to a bank, a broader set of financial resources offers more opportunities. In addition, investors not only helped us raise capital, they also provided a mandate for the project and relied on Rewo. Rewo Director Edwin Malevsky
The amount attracted by the bonds will account for 74% of Nok Nok Home's planned Kook project, the rest being awarded by the company itself, the company intends to install the new quarter. to build 77 three-call, 80 sq. m
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The Rewo moni group has been operating on the NT market since 2004. The company's portfolio is 62,000 m². m built area. At present, the company is also developing neighborhoods in New England and Town House in the Philippines.
In 2017, the turnover of UAB Rewo amounted to 0.42 million LTL. Eur and was 11 times higher than in 2016, when it reached 36,800 Eur. Net profit for the comparative period in May ranges from 2,386 Eur to 592 Eur, according to the report published on the Company's website
The Group does not provide consolidated financial statements. Mr Malevsky has already stated that he would receive a pro-monetary income in 2017. Raised to 26.5 million Eur, profit of 5 million Eur. 2016 respectively 17 million 3.2 million euros Previously, banks were granting more and more loans to NT development and construction companies, which is why they are forced to invest in sources of alternative financing.
According to the data of the Bank of Lithuania (LB) in 2017, Significant increase in commercial loans (161 million euros), transport (124 million euros) and production (120 million euros) d & # 39; euros). However, loans to utilities (158 million euros), as well as to real estate companies and construction companies (78 million euros) grant loans
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