Autonom Services has successfully placed a new bond issue, worth EUR 30 million

Press release

Bucharest, November 22, 2024

Autonom Services S.A. has successfully completed its third bond issue in a private placement worth EUR 30 million. The bonds have a maturity of 5 years, with a coupon of 6.14% payable annually, and are to be listed on the regulated market administered by the Bucharest Stock Exchange. 

"With this bond issue, we reaffirm our commitment to developing a responsible, performance-oriented and long-term sustainability business. Together with our partners from BRD, we have come back to the capital market, with an attractive product for investors concerned about both the investment return and the societal impact of these investments. The caliber and diversity of the investors present in this funding round confirm our vision of a healthy and inclusive business", said Dan Stefan, co-shareholder and founder of the Autonom International Group, of which Autonom Services SA is part. 

The bond issuance generated interest from major institutional investors such as commercial banks and international financial institutions (IFIs), being dedicated exclusively to professional investors and eligible counterparties. The new bond issue is correlated with the sustainability objectives assumed by the company. These relate to reducing the average carbon emissions of the operational passenger car fleet by 30% by 2028 and 55% by 2030, as well as supporting diversity in Autonom Services' management teams, by targeting a female representation of 46% by 2030. 

The success of the issue demonstrates the persistence of a high interest from local and international investors for investment alternatives in quality securities listed on the Bucharest stock exchange. The private placement was brokered by BRD Groupe Société Générale, as Sole Coordinator of the transaction, and by BT Capital Partners – the investment banking and capital markets entity of Banca Transilvania Financial Group, as Manager.

"We are glad to have had the opportunity to work together again with Marius and Dan's team on a new important bond issue of Autonom Services S.A. Its success reinforces our confidence that more and more corporate bond issues of important entrepreneurial companies in Romania will be launched at BVB", said Irina Neacșu, Executive Director of the Corporate Finance Department at BRD Groupe Société Générale.

The legal assistance was provided by the law firm RTPR Allen & Overy. 

Autonom Services S.A. has consolidated over the last few years its position as a strategic provider of mobility infrastructure in Romania, being the most important independent player with Romanian capital on the automotive operational leasing and rent-a-car markets in Romania. The company has a national network of 52 agencies located in 38 cities in Romania. 

About BRD Groupe Société Générale

BRD Groupe Societe Generale operates a network of 388 units. The bank's total assets, at the end of September 2024, amounted to RON 84 billion.

BRD is part of Societe Generale, a top tier European bank and a major player in the economy for over 160 years. Societe Generale has 126,000 employees in 65 countries and 25 million customers worldwide and runs three complementary sets of businesses, embedding ESG offerings for all its clients:

•              French Retail, private banking and insurance 

•              Global banking and investor solutions 

•              Mobility, International retail banking and financial services

www.brd.ro       

Media contact: Traian Traicu, 021 301 61 50, traian.traicu@brd.ro