Thus, a maximum number of 150,000 bonds will be offered for sell, with a face value of RON100/bond, with the total nominal value reaching RON15 million. The main coordinates for this financial instrument are as follows: fixed annual interest of 9%, payable quarterly, a four-year maturity from the issue date and the minimum subscription is of 10 bonds.
“Similar to the previous successfully offer (from December 2023) the buy orders will be place in an extended range price: between RON94 and RON106 per bond – respectively between 94% and 106% of the face value. At the end of the offer period – 10 days – the Issuer will fix the sale price, according to the above-mentioned interval. Subscription orders placed at a price above the fixed price (or at the fixed price) will be accepted, while subscription orders below the fixed price will be invalidated. All accepted subscriptions will be validated at the same price (fixed price) so that all investors will buy the bonds directly from the Issuer at the same price. The prospectus related to the Public Offer will be submitted for the approval of the Financial Supervisory Authority, in the following period, and the Offer will start after receiving the approval from the authority,” the report reads.
The intermediary for this operation is TRADEVILLE SSIF.
Bittnet has a market value of RON166.2 million. Its biggest shareholders are Agista Investments (13.75%) and Impetum Investments (13.33%). BNET shares have lost 7.2% so far in 2024, amid deals worth RON7.4 million, in line with stock market data.