BNET23

BNET23 was the third corporate bonds issuance of Bittnet Group, which floated on the ATS-AeRO Bonds market of the Bucharest Stock Exchange in November 2018. During the private offer, which run from June 26th until July 4th2018,  Bittnet has raised RON 4.7 million  The bonds have a face value of RON 100, maturity of 5 years and a yearly coupon of 9%, payable quarterly. The placement was subscribed by 32 natural persons, 1 legal entity and 3 investment funds. Due to the large interest coming from investors, the offering was closed 9 days ahead of the end of the subscription period, which was initially established for July 13th.  The majority of the capital raised fueled the acquisition of a 55% stake in ELIAN Solutions and 25% stake in Equatorial Gaming, while the remaining amount was used as working capital.

For more details regarding the price evolution of BNET shares, please visit BVB website.