BT Capital Partners, Manager/Distribution Group of the private placement and listing of Autonom Services bonds

Autonom Services, the most important independent player on the operational leasing and rent-a-car markets in Romania, continues financing through the Bucharest Stock Exchange and lists the first corporate bond issue in Romania linked to sustainability objectives. The bonds, worth more than 48 million euros, are traded on the Regulated Market under the stock symbol AUT26E. It is the second issue of Autonom bonds listed on the Stock Exchange and the largest issue of a Romanian entrepreneurial company on the local capital market. The AUT26E issue is part of an offering program under which Autonom Services can repeatedly issue bonds with a total nominal value of up to EUR 250 million over the next 5 years.

The private placement and the listing of the bonds were carried out with the support of BRD Groupe Société Générale as Sole Program Coordinator and Arranger of the bond issue and BT Capital Partners as Manager/Distribution Group. The law firm RTPR was the legal advisor to the transaction and Ernst & Young was the financial auditor of the issuer.

Statements:

• Daniela Secara, CEO BT Capital Partners: "We are proud to have collaborated for the second time in a row with Autonom Services, which has once again offered a first for the Romanian capital market - the first sustainability bonds issued by an entrepreneurial company. The success of this offering, significant for the local market, placed in a challenging local and global context, is the confirmation of Autonom's innovative vision for the local mobility segment".
  
  
• Marius Stefan, Autonom co-founder: "Today is a historic day for our company. Throughout Autonom's existence, we have always aimed to be connected to the latest trends in the industry and beyond. Sustainable development represents the needs of the present, because at this moment we are all responsible to pay more attention to what we are going to leave to future generations. This green bond issue is part of Autonom's sustainability strategy for the coming years, where the environmental component is the most important direction for the company's actions and decisions. We aim to reduce the average carbon emissions of the operating fleet by 25% by 2025 and 51% by 2030. We want to offer modern mobility solutions and we thank our investors for choosing to support us in this long-term project".
  
  
• Dan Stefan, Autonom co-founder: "Given the latest global proposals to reduce pollution, it is increasingly clear that businesses around the world are in urgent need of optimizing their working procedures. Today's corporate bond is the first step we are taking towards improving the way we use natural resources within our company. We aim to make mobility more efficient by transitioning to green fleets and sustainable development of Autonom. We thank the investors for joining us in this process of transforming Autonom into a promoter of sustainability in Romania and the partners who have made this ambitious project possible".

In November 2021, the company successfully closed the private placement for the first tranche of the offering programme by raising over €48 million from institutional investors such as international financial institutions, open-ended investment funds, banks, insurance companies. The European Bank for Reconstruction and Development (EBRD) is a key partner in this project, being one of the main investors by underwriting €10 million.

Autonom has sold a total of 4,803 registered, non-convertible and unsecured bonds with a nominal value of €10,000 and a maturity of 23 November 2026. The interest rate is fixed at 4.11% p.a., adjustable according to the step up mechanism by 0.30 percentage points per year in the event of failure to meet the sustainability performance targets detailed in the PROSPECT.

Autonom Services listed its first corporate bond issue in December 2019 for a total amount of €20 million. The bonds are traded on the Main Market of the Stock Exchange under the stock symbol AUT24E.