A maximum number of 50,000 bonds will be offered for subscription, respectively between 96% and 104% of the nominal value of the instrument, with a face value of RON100 and a fixed annual interest rate of 10%, payable quarterly through the Central Depository system. The maturity will be after four years from the date of issue, respectively.
The subscription price will be any price in the price range of RON96-RON104 per bond, and the offer price will be set by the issuer based on all valid subscriptions.
The minimum subscription is ten bonds and the threshold for the successful closing of the offer is the subscription of minimum 10,000 bonds. The bonds will be listed subsequently on the Regulated Market of the Bucharest Stock Exchange.
Bittnet Systems has a market capitalization of RON188.4 million and is 13.33%-owned by Impetum Investments and 12.16%-owned by Agista Investments. BNET shares have been trading down 0.2% since the beginning of 2023, amid deals worth RON7.4 million, as per stock market data.