Bucharest Stock Exchange (BVB) informs that on Tuesday, May 10, will start trading a new OMRO IFN bond issue on the Multilateral Trading System worth RON 10 mn, under the stock ticker OMRO26. 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 one, worth EUR 2 mn, is 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, out of which 6 qualified investors and 6 retail ones. 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 RON 100, 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, as well as to develop the systems necessary for the electronic money activity, according to the Memorandum. The private placement and the listing were made with the Goldring support.
With the listing occasion, OMRO IFN team will ring the Bucharest Stock Exchange bell on the 10th of May. The event will be broadcast LIVE, from 10 AM, on BVB's social media channels Facebook, YouTube, and LinkedIn.
More information on the OMRO26 bonds is available here.