OMRO lists 2.4 mln euro bond on Bucharest Stock Exchange

Romanian microcreditor OMRO, part of local financial services group Filbo, listed a 12.3 million lei ($2.9 million/2.4 million euro) corporate bond issue on the Multilateral Trading System of the Bucharest Stock Exchange.

The unsecured subordinated bonds have a nominal value of 100 lei apiece and a variable annual interest rate, the Bucharest Stock Exchange, BVB, said in a statement on Tuesday. The variable annual interest rate comprises a fixed margin of 5.5% plus the monetary policy interest rate of the National Bank of Romania.

The bond issue will mature in 2032.

“More and more Romanian companies are confidently and recurrently turning to capital market mechanisms to obtain financing and implement their expansion plans. We are pleased that OMRO IFN is returning with its fourth bond issue on the exchange’s Multilateral Trading System and the second this year,” BVB general manager Remus Vulpescu said.

In January, OMRO listed a 1.57 million euro corporate bond issue [BSE:OMRO29E] on the Multilateral Trading System of the Bucharest bourse, which will mature in 2029. The company has one more bond issue [BSE:OMRO26] currently trading on the BVB, which will mature in 2027. Its first listed bond issue [BSE:OMRO25E] reached maturity in January.

Founded in 1994, OMRO is a lending institution which addresses SMEs. In 2020, OMRO launched digital microfinance platform Filbo.