Autonom sold 4,803 bonds with an individual nominal value of EUR10,000 and a total nominal value of EUR48.03 million.
The amount represents the largest bond financing that an entrepreneurial company has ever done on the Romanian stock market. By comparison, Agricover Holding raised EUR40 million through bonds it listed on the Main Segment of the Bucharest Stock Exchange.
The first tranche bonds carry a fixed interest rate of 4.11% per annum, with the possibility of adjustment based on a step-up mechanism of 0.30% per annum, as described in the final terms and conditions.
The maturity of the bonds of the first tranche issued will be five years and the due date is November 23, 2026.
Autonom Services ended the first half with consolidated revenue of RON178.1 million, up 21% compared to the same period last year, and a net profit of RON12.5 million, equivalent to an increase of 201.6% compared with the year-ago period.
Autonom Services is held by brothers Marius and Dan Stefan. The company had previously completed a bond issue in December 2019, raising EUR20 million from investors. The 20,000 bonds, unsecured and non-convertible, with a nominal value of EUR1,000, carry a fixed interest rate of 4.45% per annum and mature on November 12, 2024.
(English version by Loredana Fratila-Cristescu)