Thus, a maximum number of 100,000 bonds will be offered for sale, with a face value of RON100 per bond, respectively a total value of RON10 million. The fixed interest is 9.6% per year, payable quarterly through the mechanism of the Central Depository; face value: RON100; maturity: 4 years and 6 months from the issue date; minimum subscription: 10 bonds.
The prospectus related to this public offer, (of separate documents) will be submitted for approval from the Financial Supervisory Authority (ASF) in the coming period. The intermediary for this market operation is SSIF BRK Financial Group.
“Similar to previous offer carried out in June 2023, investors will be able to place buy orders in an extended price range: between RON 94 – RON 106 per bond (respectively between 94% and 106% of face value). At the end of the public offer period (after 10 days), the Issuer will establish the sale price, according to the interval mentioned above. Buy orders placed 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 from the Issuer at one price,” the report reads.
BNET shares have traded 16.4% lowe so far in 2023, amid deals worth RON20 million and a market capitalization of RON156.6 million.