TBI Leasing launches new bonds

TBI leasing will release its second bond issue worth at least three million euros this spring. “The launch was initially scheduled for the second half of last year. The modifications of the capital market legislation delayed us and our consultant said that the time around elections was not a really good time to put out bonds. Bonds will be released on the market this spring, most likely in April or May,” said Florentina Mircea, TBI Leasing chief executive. She did not specify the exact value of this issue. “We are unable to provide details as to the value of the issue unless the new capital market guidelines are published, yet it will not be below 3 million euros,” Mircea added. She says the interest that will be paid is to be set soon, “but will not be lower than what we paid for the first issue, 6.5%.” TBI launched its first bond issue in August 2003. ZF