Bittnet raises €7.33M in bond sale, half its target
What's the deal? Romanian IT firm Bittnet SystemsDealroom has a profile for this one. Try Dealroom → has raised €7.33 million through a five-year euro-denominated bond issue on the Bucharest Stock ExchangeDealroom has a profile for this one. Try Dealroom →, where it trades under the ticker BNET. Investors subscribed 79,954 of a maximum 150,000 bonds — roughly half the offering.
The terms: The BNET31E issue carries a fixed 10.6% annual coupon, paid semi-annually, and matures on July 31, 2031. Each bond has a nominal value of €100.
How it settled: BittnetDealroom has a profile for this one. Try Dealroom → set the issue price at €95 per bond. Orders placed at or above that price will be filled in full at €95; bids at the lower €94 price were rejected. The trade executes on August 7, 2026, with settlement on August 11, 2026.
Why now? The bonds are corporate, secured, and denominated in euros — a structure that shields both issuer and holders from currency swings against the Romanian leu, and offers a double-digit yield in a market hungry for fixed income.
The signal: Falling short of the full target underscores investor caution, but Bittnet still secured committed funding at a 10.6% cost. For a listed IT company, tapping the bond market rather than diluting shareholders reflects a wider shift among Eastern European scaleups toward debt as a financing lever.
Image credit: Cory M. Grenier
Read more: Ziarul Financiar
