“The BNET28 issue consists of 100,000 unsecured corporate bonds with a total nominal value of RON10,000,000, with an interest rate of 9.6% payable quarterly through the Central Depository. The issue was made following a public offer that took place in December 2023,” Bittnet said in its report.
BRK Financial Group was the intermediary of the offer. The bonds mature in four years and six months (18 quarters).
Bittnet ended the first nine months of 2023 with revenue of RON283 million, up 150% from the same period of 2022, and a net loss of RON2.3 million, lower than RON4.2 million reported in 2022.
The company has a market capitalizaton of RON174 million and its shareholders include Agista Investments (13.7%) and Impetum Investments (13.3%). BNET shares have lost 6.8% over the last year, amid deals worth RON24.5 million, as per stock market data.