Autonom
(Credit: Bucharest Stock Exchange)

Autonom Lists €30mln Sustainability-Linked Bonds on BVB

Romania's Leading Mobility Provider Strengthens Commitment to Sustainable Development

Autonom Services, Romania’s premier independent provider of mobility solutions, has successfully listed its second issuance of sustainability-linked bonds on the Bucharest Stock Exchange (BVB). This new tranche, valued at €30 million, underscores the company’s ongoing dedication to integrating sustainability into its business operations.

The bonds, with a nominal value of 1,000 euros and a fixed annual interest rate of 6.14%, began trading under the ticker symbol AUT26E on the Regulated Market of the Bucharest Stock Exchange and will mature on November 26, 2029. The private placement, which took place in November 2024, was exclusively targeted at institutional and professional investors.

To date, Autonom has had two other bond listings on BVB: in 2021, it listed bonds worth over EUR 48 million, making it the largest bond issuance by a Romanian entrepreneurial company on the local capital market, with the stock ticker AUT26E, maturing on November 23, 2026. In 2019, the company held its first bond listing, with the symbol AUT24E, which matured last year.

The new bond issuance is linked to the sustainability objectives set by Autonom, including a 30% reduction in the average carbon emissions of its vehicle fleet by 2028, and in the long term, a 55% reduction by 2030, according to the strategy published in 2021 and updated in 2024. Autonom’s sustainability strategy forms the basis of the Framework Document on Financing Linked to Sustainability Objectives, validated by Sustainalytics, an internationally recognized ESG expert, who has praised the objectives as ambitious.

The bond listing was supported by BRD Groupe Societe Generale as the Sole Coordinator of the Program and Structuring Agent for the sustainability-linked bonds, and BT Capital Partners as Manager/Distribution Group. The law firm RTPR served as legal advisor for the transaction, and EY Romania was the financial auditor for the issuer.

This move is expected to inspire other companies to adopt similar approaches, fostering a more sustainable and responsible business environment in the region.


Year founded: 2006 Headquarters: Piatra Neamt, Romania Social Capital: 20.000.000 RON Employees: 600