Bittnet Systems is a Romanian-held IT&C solutions integrator and IT training services provider, which debuted on the AeRO Market, the equity segment of the Bucharest Stock Exchange’s Multilateral Trading System, in 2015. Subsequently, in 2020, it made the transfer to BVB’s Regulated Market, being the first issuer in the IT sector present on the main segment of the stock exchange.
Bittnet Systems carried out a private placement for bonds between December 21 and 27, 2022, in which 53 investors participated. The company sold 20.596 corporative bonds, denominated in euros, dematerialized, non-convertible and unguaranteed, with a nominal value of EUR100. The bonds have a maturity of 3.5 years, maturing on June 30, 2026, and a coupon rate of 9% per year, payable quarterly. The funds raised following the bond issue will be used to ensure the group’s general financing needs, including the repayment of the principal related to the bond issues maturing during 2023, as well as the partial or entire financing of the acquisition of social shares in new companies, to join the group. The private placement and the listing were made with the support of BRK Financial Group.