Personally, I would have expected an announcement by now regarding the bond issuance and especially the pricing. Usually, these are well-prepared in advance and then handled quickly so that the matter doesn’t linger in the background.
I interpret the duration of the process and the share price performance over the last few days as indicating that there hasn’t been much demand for this bond, at least at the price Verve was hoping for. Based on the share price chart for the last hour or so, one could imagine the bond is now finalized, so we’ll wait for the announcement.
Edit. The transaction was oversubscribed and met with strong demand from an international investor base and was placed at a price of 97.25 percent of par resulting in a yield of 3m Euribor + 4.97 percent.
I checked a post from 2023 because I remembered that the loan terms were even more expensive back then, and I noted that yeah, it’s expensive money, but cheaper than 3 years ago, and at that time the share price was around these levels. Now, I think the company is better, so it’s a better spot to invest.
I really should get more familiar with the company’s current situation.
I happened to come across that it’s possible to acquire Verve bonds through Mintos at 4% + 3-month Euribor. Mostly in case any owner might be interested. Minimum subscription €50. Not investment advice…