The corporate bonds through private placement have a nominal value of RON100, with a three-year maturity and a fixed interest of 10% per year, that is payable half-yearly. Subsequently, the company plans to list the bonds on the Bucharest Stock Exchange’s alternative trading system AeRO.
Ascendia will use the investment to accelerate three business lines: corporate eLearning, Livresq.com – authoring tool for editors, Timlogo – the largest speech therapy platform in Romania.
Subscriptions for Ascendia bonds were carried out exclusively through brokerage house Tradeville, and the offering was available for a restricted number of investors (under 150). The high demand prompted an early closing of the offering, on its first day.
The bonds to be issued by Ascendia S.A. have a nominal value of RON100, with a three-year maturity and a fixed interest of 10% per year, payable half-yearly.
Ascendia S.A. ended 2018 with a 34% higher net profit, compared to the result reported in 2017, and nearly 40% higher total revenue, of RON3.6 million, compared to the level reported a year before.
Ascendia is one of the leading providers of eLearning services in Romania. The company develops LMS (Learning Management System)-type learning platforms, eLearning courses for companies, digital content editing systems, interactive textbooks and educational software for children.