The Bucharest Stock Exchange (BVB) announces that on Tuesday, March 7, will start trading the bonds issued by Bittnet Systems S.A., on the Main Market of the Bucharest Stock Exchange, worth more than EUR 2 mn. The bonds will be traded under the BNET26E stock ticker. Bittnet Systems is a company with Romanian capital active in the IT field. Bittnet Systems debuted on the AeRO Market, the equity segment of the Bucharest Stock Exchange’s Multilateral Trading System, in 2015, and then, in 2020, made the transfer to the BVB Regulated Market, being the first issuer from the IT sector present on the main segment of the stock exchange.
Bittnet Systems held a private placement for bonds between 21-27 December 2022, in which 53 investors participated. The company sold 20.596 corporative bonds, denominated in euros, dematerialized, non-convertible and unguaranteed, with a nominal value of EUR 100. The bonds have a maturity of 3.5 years, maturing on 30.06.2026, and a coupon rate of 9% per year, payable quarterly. The funds raised following the bond issue will be used to ensure the group's general financing needs, including the repayment of the principal related to the bond issues maturing during 2023, as well as the partial or complete financing of the acquisition of social shares in new companies, to join the group. The private placement and the listing were made with the BRK Financial Group’ support.
The Bittnet Systems team will ring the bell of the Bucharest Stock Exchange on March 7, 2023, on the occasion of the start of trading of BNET26E bonds on the stock exchange. The event will be broadcast LIVE, starting at 10:00, on the BVB, Facebook, LinkedIn and YouTube online channels.
More information on the Bittnet Systems bonds is available here.