ELANA Agrocredit Archives - Page 3 of 4

ELANA Agrocredit places a EUR 5.26m corporate bond

17 July 2017

Leasing company ELANA Agrocredit (0EA BU) places a 3.2% semiannual pay, 63-month, EUR 5.26m corporate bond, according to a regulatory filing by the Company on 17 July 2017. This is the first bond issue of the farmland leasing specialist. ELANA Agrocredit first bond issue terms The bond was placed on July 15th 2017. The principal… Read more

ELANA Agrocredit will distribute BGN 0.07791 gross DPS

3 July 2017

ELANA Agrocredit shareholders voted on Annual General Meeting on 30 June 2017 to distribute BGN 1 472 751.69 of 2016 profit as dividends. 10% of the profit will be held as a reserve. ELANA Agrocredit dividend 2017 The gross dividend per share amounts at BGN 0.07791, which accounts for 5% yield according to market prices.… Read more

Roadshow: Bulgarian Capital Market Day in London on 18 May 2017

18 April 2017

A special Bulgarian Capital Market Day for CEE-focused investors will take place at EBRD headquarters on 18 May 2017 presenting for one day an insight in CEE regional development and Bulgarian capital market in-depth.

ELANA Agrocredit added to index BGTR30

15 March 2017

On 10 March 2017 Board of Directors of the Bulgarian stock Exchange made a review of the indices and as a result ELANA Agrocredit will join BGTR30 – the index of the 30 most liquid Bulgarian public companies. ELANA Agrocredit will be part of the index as of 20 March 2017. BGTR30 follows the prices… Read more

ELANA Agrocredit surpassed BGN 50m investments in land in 2016

23 January 2017

Leasing company ELANA Agrocredit (0EA BU) collected 98.5% of its receivables in FY2016, the Company announced in its regular monthly investor bulletin. The Company collected in total BGN 4.7m in interest from 261 out of 265 clients. It has terminated the contracts with 3 of the 4 clients and realized the collateral from two the… Read more

ELANA Agrocredit collects 91% of 2016 receivables due by end of September

21 October 2016

The land leasing company ELANA Agrocredit collected 91% of the annual lease payments due in 2016 by the end of September, the Company announced in its regular monthly bulletin. It provides loans to farmers for arable land acquisition with the land as a collateral. Payments are structured according to the agricultural year a.k.a all annual… Read more

ELANA Agrocredit strikes a new EUR 5m credit line with EBRD

20 September 2016

ELANA Agrocredit strikes a new EUR 5m credit line from EBRD to finance its leasing operations, the Company announced in a statement to the stock exchange. The loan is to be used in two EUR 2.5m tranches both bearing Euribor +2.75% interest. The line matures in 8 years. Partnering with EBRD This is the second… Read more

ELANA AgroCredit will distribute dividend with 4.1% yield

4 July 2016

At the Annual meeting of shareholders on 30 June 2016, ELANA AgroCredit confirmed distribution of dividend of BGN 0,04924 per share.

ELANA AgroCredit has acquired loans of up to BGN 10 mln. to invest in farmland purchases

27 April 2016

Land leasing company ELANA AgroCredit strikes a BGN 10 mln. debt financing to fund operations related to financial leasing contracts with farmers for farmland purchases.

ELANA AgroCredit to double size by end-2017

22 March 2016

With 11% return since inception, ELANA AgroCredit reaps the profits from its lean business model of financing land-hungry farmers for arable land acquisition. In the new corporate profile of ELANA AgroCredit, analysts of ELANA Trading comment the company will perform as a bond-like investment getting steady, predictable profits from the ongoing land appreciation in Bulgaria, encouraged by EU funding for the sector.