Cable and conductor maker Romcab Târgu Mureş is working on an issue of convertible bonds and will co-opt in this process the IFC, the investment division of the World Bank. A the same time, the officials of the company are considering raising funding through share capital increases. Romcab is currently listed on the Rasdaq market.

The manager of the company, Zoltan Prosszer, said: "We are considering a listing on the first tier of the BSE, and at the same time we are also considering a bonds issue through the BSE. We are working on a strategy together with BT Securities to see which option would be the most advantageous for us and to see what would requirements we would have to meet for a listing. It is obvious that the Rasdaq is not advantageous". Romcab Târgu Mureş forecasts a turnover 33% higher than last year (approximately 80 million Euros) and for 2014 the representatives of the company estimate a 38% increase compared to 2013.

Exports account for approximately 50% of the turnover of the company, which is currently working at maximum capacity.

Zoltan Prosszer told us that there is no major difference between the profit it makes from exports and the one that comes from the local market: "The product that we sell is cheap, the added value is low, the profit rates that we work with are somewhere between 15 ands 25%. As a result, we can't afford to give out major discounts to enter the markets. Essentially, the productivity is very high, and the costs need to be very low: wages - 3-4%, energy - 1.5%, transport - 1.5-2%. The highest expenses are the financial ones (4-5%), which can't be allowed to increase much more, because if that were to happen, we'd be driven out of the market".

The prices of Romcab products are tightly correlated to the quotation of metals on the international stock markets.

The director of the company consider