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Bittnet Systems plans to launch two or three bond issues in 2024
Bittnet Systems intends to launch two or three bond issues in 2024, with similar characteristics to the one listed on the Bucharest Stock Exchange (BVB) on Friday, announced Mihai Logofatu, Bittnet's CEO.
Bittnet Systems (stock symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), listed a new bond issue on the stock exchange on Friday, worth RON 10 million, according to a BVB press release.
The new instruments issued by Bittnet will be traded on the Regulated Market of the BVB, under the symbol BNET28.
"Bittnet Systems was the first company in the IT sector listed on the Bucharest Stock Exchange in 2015, and in the last nine years it has become the issuer that has regularly accessed the financing instruments that the Romanian capital market makes available for development, increased visibility and expansion. From a capitalization of RON 8 million at the beginning of the transaction, Bittnet Systems has today an investor valuation of RON 174 million and its shares are included in the FTSE Global Micro Cap Index Series of the leading global index provider FTSE Russell," said Adrian Tanase, the general manager of the BVB.
Bittnet Systems made the transfer to the BVB's Regulated Market in 2020, making it the first IT sector issuer present on the main segment of the stock exchange. Currently, Bittnet Systems' shares are included in the FTSE Global Micro Cap Index Series of the leading global index provider FTSE Russell.
Bittnet Group (stock trading symbol: BNET) is one of the most dynamic technology groups in Romania, being the first Romanian IT group of companies listed on the main market of the Bucharest Stock Exchange (BVB), included in the BET-XT, BET-BK, BETPlus, BET-XT-TR, BET-XT-TRN indices, as well as the FTSE Russell Micro Cap Index and MSCI Frontier Markets Investable Market Index (IMI). Bittnet operates as an integrator of IT&C services and solutions and is a leader in the field of IT professional training in Romania. The group's structure is organized in four main pillars of activity: Education, Digital & Infrastructure, Cyber Security and Business Applications and Software.