According to the Offer documentation, the value of the Offer was RON15 million, with the possibility of supplementation. The company plans to use the funds obtained for investments.
The bond issue has a fixed interest rate of 9% a year and matures on February 9, 2026. Procedures for the planned listing on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange will be initiated in the upcoming period. The placement was intermediated by brokerage company Goldring.
The total number of bonds subscribed was 163,612, and the total number of sole subscribers was 105. The average value of an investment reaches RON155,820.
“In the first month of 2021, we already marked two notable stages in our strategy: the partnership into a joint venture with U.S. company Interlink Capital Strategies, based in Washington, DC (USA) and this green bond issue that puts us on a clear horizon towards achieving our objectives within the deadline proposed. Together with our partners at Goldring, we have managed to take a first significant step for Restart Energy One, in a very short period of time. We are impressed with the real interest, the confidence we get from a large number of investors. At the same time, we have already taken the first steps towards the objectives undertaken in the Offer documentation and, soon, we shall make a few announcements in this respect,” stated Armand Domuța, CEO and founder of Restart Energy.
Restart Energy, established in Timisoara in 2015, targets revenue of RON220 million in 2021, higher by RON100 million (+83%) from a year before. The company also targets a net profit of RON24.2 million at the end of 2021, compared with some RON13 million (estimated) in 2020.
Restart Energy has more than 30,000 private individual customers and some 5,000 corporate customers. The company has operations in Romania and Serbia and, starting 2021, it plans to develop on several European markets, including Germany and Spain.