Acheter-Louer.Fr SA (ENXTPA:ALALO) announced a private placement of 5,000,000 convertible bonds at €0.10 per bond for gross proceeds of €500,000 on July 15, 2013. The bonds will be convertible into shares of the company at any time at a conversion price of €0.1 per share and the repayment is scheduled at maturity. The bonds will bear an interest rate of 6%. The duration for the issuance of the bonds is four years.

On July 15, 2013, Acheter-Louer.Fr SA closed the transaction.