A new OMRO IFN bond issue will start trading on the Multilateral Trading System on May 10
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 mln, under the stock ticker OMRO26.
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.
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OMRO IFN is one of the first microfinance institutions in Romania, established in 1994 in Targu Mures. OMRO is a Microfinance Company that supports the development of small entrepreneurs in rural and urban areas of Romania by offering fast and flexible financial solutions. The company offers financial services to entrepreneurs who run business in fields like manufacturing, trade, construction, transport, services and agriculture.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
