The non-convertible, non-guaranteed, registered bonds, worth EUR30 million, are traded on the Main Market under the stock ticker AUT29E.
The bonds are related to sustainability objectives and are part of the strategy developed by Autonom in 2021, when the first Sustainability-Linked bonds were listed. Autonom listed other two bond issues until now. To date, Autonom has had two other bond listings on BVB: in 2021, it listed bonds worth over EUR48 million, making it the largest bond issuance by a Romanian entrepreneurial company on the local capital market, with the stock ticker AUT26E, maturing on November 23, 2026. In 2019, the company held its first bond listing, with the symbol AUT24E, which matured last year.
The bonds, with a nominal value of EUR1,000 and a fixed annual interest rate of 6.14%, are traded starting Jan. 21 on the Regulated Market of the Bucharest Stock Exchange and will mature on November 26, 2029. The private placement, which took place in November 2024, exclusively targeted at institutional and professional investors.
“It is both a pleasure and a success to see the Romanian company Autonom return to the Bucharest Stock Exchange with its third bond issuance. With each new listing, the capital market proves its ability to support local entrepreneurial companies in achieving their growth and expansion goals. Autonom stood out in 2021 with the issuance of Sustainability-Linked bonds, being the first listed company on the stock exchange to open this path. We expect a promising trajectory and the successful achievement of the objectives for the current bond issuance,” said Adrian Tanase, CEO of the Bucharest Stock Exchange.
“Autonom’s focus on sustainability is reinforced by the new bond issuance, which supports the strategy launched in 2021 and updated last year. I admire the positive impact that Autonom, with consistency and professionalism, has on society. At the same time, it is a great satisfaction that the Bucharest Stock Exchange represents a reliable partner for Autonom in consolidating its position as a leading entrepreneurial business in Romania, and together, we support and develop the local economy every day.”, said Radu Hanga, President of BVB.
“We are honored to kick off the series of listings on the Bucharest Stock Exchange in 2025, a year that promises to be economically challenging. This moment marks another important step in our commitment to developing a responsible business focused on performance and long-term sustainability, and this investment will help us continue our mission to reduce the average carbon emissions. Additionally, it will help us capitalize on growth opportunities for the company in the current and future mobility market.”, said Dan Stefan, co-founder of Autonom.
The new bond issuance is linked to the sustainability objectives set by Autonom, including a 30% reduction in the average carbon emissions of its vehicle fleet by 2028, and in the long term, a 55% reduction by 2030, according to the strategy published in 2021 and updated in 2024. Autonom’s sustainability strategy forms the basis of the Framework Document on Financing Linked to Sustainability Objectives, validated by Sustainalytics, an internationally recognized ESG expert, who has praised the objectives as ambitious.
The bond listing was supported by BRD Groupe Societe Generale as the Sole Coordinator of the Program and Structuring Agent for the sustainability-linked bonds, and BT Capital Partners as Manager/Distribution Group. The law firm RTPR served as legal advisor for the transaction, and EY Romania was the financial auditor for the issuer.