Bittnet Systems SA 9.6% 2028 (BNET28) Bond — Price, Coupon & Yield

What BNET28 is

Bittnet Systems SA 9.6% 2028 (BNET28) is a corporate bond issued by Bittnet Systems SA and listed on the Bucharest Stock Exchange (BVB). It pays a fixed 9.6% coupon each year and is scheduled to mature on Jun 15, 2028, with 1.7 years remaining. The bond is denominated in RON and trades in the Corporate sector, alongside peers such as Bittnet Systems SA 10% 2027 (BNET27A), Impact Developer & Contractor S.A. 9% 2027 (IMP27E), and Impact Developer & Contractor S.A. 6.4% 2026 (IMP26E).

Key numbers explained

• Price: 96.5% — the bond is trading below its nominal (par) value, which means it is priced at a discount.
• Coupon: 9.6% — the annual interest payment is calculated as 9.6% of the bond's face value, paid in RON.
• Estimated yield to maturity: 11.84% — the yield to maturity reflects the total return an investor would earn if the bond is bought at the current price of 96.5% and held to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 1.7 — there are roughly 1.7 years left until the issuer repays the principal on Jun 15, 2028.
• Price change today: -0.72% — the bond's price fell by 0.72% in the latest trading session.
• Maturity: Jun 15, 2028 — the date on which the issuer returns the principal and the last coupon is paid.
• Market: Bucharest Stock Exchange (BVB) — the exchange where BNET28 is listed and traded.
• Sector: Corporate — the bond belongs to the Corporate segment, which includes debt issued by companies rather than governments.

Recent news

Recent headlines indicate that Bittnet Systems SA has made a coupon payment, published its semi-annual report for S1 2026, and held a teleconference for analysts and investors to present the results. The company also provided a link for accessing the teleconference recording.

What to watch

Investors typically monitor credit developments at the issuer, interest rate movements in RON, and liquidity conditions on the Bucharest Stock Exchange (BVB). The bond's price sensitivity to rate changes is influenced by its remaining 1.7 years to maturity, and its yield reflects the market's assessment of the issuer's credit risk relative to peers like Bittnet Systems SA 10% 2027 (BNET27A) and Raiffeisen Bank S.A. 9.404% 2027 (RBRO27B).