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.

Key Characteristics:

Ticker ATS-AeRO: BNET23
Interest: 9% p.a., payable quarterly
Issue Date: 5.07.2018
Listing Date: 28.11.2018
Maturity: 5.07.2023
Principal: 100 RON
Number of securities issued: 4,700
Value of issuance: 4,700,000 RON

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

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Coupon Coupon Payment Date
1st 15.08.2017
2nd 15.11.2018
3rd 15.02.2019
4th 15.05.2019
5th 15.08.2019
6th 15.11.2019
7th 15.02.2020
8th 15.05.2020
9th 15.08.2020
10th 15.11.2020
11th 15.02.2021
12th 15.05.2021
13th 15.08.2021
14th 15.11.2021
15th 15.02.2022
16th 15.05.2022
17th 15.08.2022
18th 15.11.2022
19th 15.02.2023
20th 15.05.2023
21st (maturity) 5.07.2023