The BNET27A issue was oversubscribed more than twice in 15 days and, according to the offer prospectus, only the orders placed at the offer price of RON100 or at higher prices of RON101, RON102, RON103 and RON104 will be executed. The issuer raised RON5,000,000 in this financing round.
The bonds are leu-denominated, have a four-year maturity from the issue date and an annual coupon of 10% payable quarterly.
Between 2016-2022, Bittnet Group successfully conducted six other bond offers, raising RON43,000,000, but chose private placement at the time, not the public offering option.
(English version by Loredana Fratila-Cristescu)