In 2010 the Company issued €10 million bonds, with an overallotment option of €2 million, bearing an interest rate of 7%, redeemable in 2020, and subject to an early redemption option exercisable by the Company between 2017 and 2020.
In 2017 the Company early redeemed the 7% €12 million bond issued in 2010, from the proceeds of a new unsecured bond for an amount of €15 million, to which the existing bondholders and shareholders were given the option to subscribe. The bonds had a nominal value of €100 per bond and were issued at par. The bonds are subject to a fixed interest rate of 4.5% per annum payable semi-annually in arrears on 22 February and 22 August of each year. All bonds are redeemable at par (€100 for each bond) on the 23 August 2027.