The new issue is worth RON4.265 million and is available for trading under the ASC27 symbol. The company, listed on the AeRO market, had previously listed a RON3 million bond issue in 2019, a release of the Bucharest Stock Exchange says.
“Amid the global instability, the prospects of the e-learning industry, which includes Ascendia, are very good with global growth of about 20% expected for each of the next five years,” Cosmin Malureanu, Ascendia CEO, said.
The cash raised via the bonds will be used to improve the software the company develops, expand sales and marketing teams and create reserves for potential investments.
(English version by Loredana Fratila-Cristescu)