OMRO IFN is one of the first microfinance institutions in Romania, established in 1994 in Targu Mures. It is the second bond issue for OMRO IFN listed on the stock exchange. The first bond issue, worth EUR2 million, has been available for trading since 2020.
Between December 8, 2021, and January 27, 2022, OMRO IFN held a private placement for bonds, in which 12 investors participated, of which six qualified investors and six retail investors. The company sold 100,000 non-convertible bonds, unsecured, subordinated at a subscription price of RON 99.5/bond. The bonds have a nominal value of RON100, the date of maturity on February 1, 2027, and an interest rate of 9.5%. The funds raised through the bond issue will be used to finance the lending activity and to develop the systems necessary for the electronic money activity, according to the Memorandum. The private placement and the listing were made with the support of Goldring support.