Bittnet Systems SA 9% 2028 (BNET28A) Bond — Price, Coupon & Yield

What BNET28A is

Bittnet Systems SA 9% 2028 (BNET28A) is a corporate bond issued by Bittnet Systems SA and listed on the Bucharest Stock Exchange (BVB). It pays a fixed 9% coupon and is denominated in RON. The bond is part of the corporate bond universe on the BVB, sitting alongside names such as Bittnet Systems SA 9.6% 2028 (BNET28), and can be compared with other Romanian corporate issues like Libra Internet Bank 6.5% 2032 (LIBRA32E), Banca Transilvania S.A. 6.356% 2028 (TLV28E), and Vista Bank Romania S.A 5.661% 2036 (VISTA36E).

Key numbers explained

• Price: 95.2% — the bond trades at 95.2% of its face value, meaning it is currently below par.
• Price change today: -0.8% — the price has moved down by 0.8% on the most recent trading session.
• Coupon: 9% — the annual interest payment is 9% of the bond's face value, paid according to the issuer's schedule.
• Estimated yield to maturity: 12.36% — if bought at the current price and held to maturity, the yield to maturity reflects the total annualised return, including both coupon income and the gain from buying below par.
• Maturity: Apr 18, 2028 — the bond's principal is repaid on this date, with 1.6 years remaining.
• Years to maturity: 1.6 — a short horizon, which typically means the bond's price is more sensitive to changes in the issuer's credit profile than to long-term interest-rate swings.
• Bond currency: RON — all cash flows (coupon and principal) are in Romanian lei.

Recent news

Recent headlines indicate that the issuer paid its 10th coupon, published its S1 2026 semi-annual report, and held an analyst and investor teleconference to present its first-half 2026 results. The teleconference access link was made available on 2 September 2026.

What to watch

• Credit quality and financial results of Bittnet Systems SA, as corporate bond prices are influenced by the issuer's ability to meet its obligations.
• Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can affect bid–ask spreads and execution costs.
• Interest-rate movements in the local market, since even short-dated bonds can see price shifts when benchmark rates change.
• The remaining time to maturity, as the bond approaches its Apr 18, 2028 repayment date.