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Dmitry Trofimenko, CEO of !FEST Coffee Mission said that the company plans to attract additional investments in the form of bonds worth UAH 100 million, of which 98% will be used to increase the purchase of coffee beans.
It is noted that the minimum purchase amount is UAH 50 thousand. with a currency peg. The yield on corporate bonds !FEST Coffee Mission is 8% per annum in the first year (pegged to the $ exchange rate).
!FEST Coffee Mission corporate bond coupons will be paid quarterly.
The bond term is three years with an annual offer. “After a year, the investor has the right to present the bonds for redemption and receive the invested funds, including income from changes in the exchange rate,” the statement says.
!FEST Coffee Mission, part of the !FEST emotion holding, supplies green specialty grains, does not work with intermediaries and establishes direct relationships with coffee producers. !FEST Coffee Mission sources directly from farms in Central and South America, Africa and Asia.
The company has six offices in five countries, direct supplies of coffee to more than 200 farmers from 12 countries, coffee warehouses in four countries (Ukraine, Poland, UAE, Turkey).
