Bittnet Systems SA 10.6% 2031 (BNET31E) Bond — Price, Coupon & Yield

What BNET31E is

Bittnet Systems SA 10.6% 2031 (BNET31E) is a corporate bond issued by Bittnet Systems SA and listed on the Bucharest Stock Exchange (BVB). It pays a fixed 10.6% coupon each year and is scheduled to mature on Jul 31, 2031, meaning the issuer will return the principal at that date. The bond is denominated in EUR, so investors receive coupon payments and the final redemption in euros. It is part of the corporate bond segment of the BVB, alongside other Romanian issuers such as Banca Comerciala Romana 7.77% 2033 (BCR33) and Libra Internet Bank 4.25% 2028 (LIBRA28E).

Key numbers explained

• Price: 98.2% — the bond trades at a small discount to its face value, meaning you pay slightly less than the nominal amount.
• Coupon: 10.6% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 11.07% — the yield to maturity is the total annual return you would earn if you bought the bond today at 98.2%, held it to maturity, and reinvested all coupons at the same rate.
• Years to maturity: 4.8 — the approximate time remaining until the issuer repays the principal on Jul 31, 2031.
• Price change today: -0.12% — the bond's price moved down slightly on the current trading day.
• Maturity: Jul 31, 2031 — the date when the issuer returns the principal and the bond ceases to exist.
• Bond currency: EUR — all cash flows (coupons and redemption) are made in euros.

What to watch

• Interest rate movements — when market rates rise, existing bond prices typically fall, and vice versa.
• Issuer credit quality — changes in Bittnet Systems SA's financial health can affect the bond's price and perceived risk.
• Currency exposure — because the bond is denominated in EUR, investors should consider how exchange-rate fluctuations affect their home currency returns.
• Reinvestment risk — the yield to maturity assumes coupons are reinvested at the same rate, which may not be possible if rates change.
• Market liquidity — trading volume on the BVB can affect how easily the bond can be bought or sold without a large price impact.

For investors comparing Romanian corporate bonds, BNET31E can be considered alongside Vista Bank Romania S.A 5.661% 2036 (VISTA36E) and Bittnet Systems SA 10% 2027 (BNET27A), which offer different coupons and maturities. The full list of bonds tracked on InvestPane is available in the Bonds directory.