The technology company Kefordy SA will be broadcast next week Negotiable Obligations (NO) for a total amount of approximately 2 million dollars in what will be the third debt issue through the simplified regime.
The broadcast will take place this Wednesday and Thursday 24 and 25 at the Montevideo Stock Exchange where Kefordy SA will be launched on the market through Negotiable Obligations (NO) not convertible into shares for an amount, to date, of 2 million dollars.
During the first day, investor orders will be received for a minimum of 1,000 and a maximum of 250,000 dollars. Meanwhile, on the second day, orders will be received without a maximum limit, in case there is a surplus.
This is the second operation that is issued with ON, while it is the third that is issued through the simplified regime, being Ebital and Zorzal Technology Investments the first and second to debut.
The yield of the issue and its guarantee
The ON will pay compensatory interest of 7% linear annual rate on the amount of capital invested, which will be paid semi-annually. The repayment period will be 42 months from the date of issue of the debt.
The outstanding capital can be repaid in six consecutive semi-annual installments, with 14.28% for the first five, while the sixth installment will be equivalent to 14.32% of the capital.
For its part, the issue prospectus clarifies that the ON are guaranteed by a guarantee trust to which government bonds will be transferred. USA“The cascading of these bonds is linked to the amortization of the ONs, which is why it is a two-pronged engineering that allows capital to be raised from the market and covered with the same guarantee,” he explains.
In this regard, the prospectus clarifies that the funds raised in the issue may be used for the refinancing of liabilities, working capital or medium and long-term investments.
The financial advisor for the debt issue is Balance Uruguaythe trustee of the trust is EF Asset Management Investment Fund Administratorwhile legal advice is carried out by Ferrere Lawyers.
Source: Ambito
