OMRO successfully completes a bond issue with a total value of EUR 2,000,000
SSIF Goldring together with BRK Financial Group as a distributor, successfully completed a private placement of corporate bonds issued by OMRO IFN SA.
The bonds are denominated in EUR, have a semi-annual payable fixed interest rate of 7,5% per year, are subordinated, nominative, dematerialised, unsecured and non-convertible, with a 5 years maturity, and have been purchased by 8 professional investors.
The company is supporting the development of entrepreneurial initiatives in Romania, through traditional methods, as well as by introducing innovative digital solutions. OMRO is in a widescale process of strategic transformation, supported by a series of major investments in digitalisation and IT infrastructure, as well as by partnerships with strategic institutions to finance its lending activity, such as European Investment Fund, which has become a key financing partner through a 10-year subordinated loan, granted in 2019 under the EaSI Capacity Building programme.
"We are pleased to announce today the successful completion of our inaugural bonds issuance. We have seen significant level of interest regarding OMRO’s 5-year bonds, which emphasises the market trust in our business model, management team and underlying fundamentals of bridging microfinance and financial digitalisation. We intend to continue to use the capital market to finance the growth of the business.” – Paul Panciu, Chairman of OMRO’s Board of Directors
OMRO is a Romanian non-bank financial institution offering lending services to finance the needs of small and medium companies, as well as the entrepreneurial initiatives. Created in 1994 and registered with the Romanian National Bank General Registry in 2007, OMRO has disbursed until now over 80M EUR to its clients.
”Considering the specificity of investors targeted by the offer, the success of the placement is for Goldring a first, encouraging us to identify and offer our clients new investment alternatives. The success of the latest bond offerings indicates the high interest of the Romanian capital market investors in fixed-income financial instruments, an interest which drives also companies to choose this financing method.” – Virgil Zahan, General Director of Goldring
”We are pleased to see more and more companies using the capital market to diversify their financing sources, as well as the growing interest of investors in purchasing bonds. I expect the role of the capital market as financing source for companies to increase during the coming period” - Razvan Rat – Deputy General Director of BRK Financial Group