Mastrad Raises €350,000 Through Bond Issue to Support its Innovation

Mastrad, a company specializing in kitchen utensils, has announced a new €350,000 amortizable bond financing to develop its temperature monitoring product. This initiative is being carried out in partnership with Hexagon Capital Fund.

Each bond issued has a face value of €1,000, maturing in 24 months with monthly amortization. A three-month grace period is granted, which also covers the 8% annual interest. Hexagon Capital Fund has committed to subscribing to all bonds according to a set schedule.

The eventual conversion of the bonds into shares could dilute a shareholder's stake by 1% to 0.60%, potentially affecting liquidity and share prices.