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Bittnet Systems (BNET) has successfully sold a private bond offering, which has successfully raised 4.7 million lei, with securities listed on the Bucharest Stock Exchange (BSE), informing the Bank of Australia. issuer by notice on the Stock Exchange.
Bonds (BNET23) have a nominal value of 100 lei, a term of 5 years and a fixed interest rate of 9% per annum, which will be paid quarterly. Subscriptions were made by 32 people, 1 legal entity and 3 open investment funds, the issuer informs.
The transaction took place between June 26 and July 4 and was concluded in advance, before the end of the subscription period, July 13 because of an oversubscription of the offer
"In the context of the private placement, subscriptions of 4.7 million lei were validated, ie 47,000 bonds, the maximum value of the issue BNET23, in accordance with the Decision of the Sole Director and the Offer Document ".
According to the issuer, the amount attracted will be used to finance the two investment projects approved by the shareholders: Elian Solutions SRL and Equatorial Gaming SA, as well as working capital insurance, in accordance with to the decisions of the General Meeting of April 25, 2018.
In 2017, Bittnet Systems BNET achieved a turnover of 21.74 million lei, up 59% over the previous year. 39 last year, for a value of 13.69 million lei.
Net profit reached 1.8 million lei, over 2018, of 1.15 million lei.
A.M.
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