July 27 (SeeNews) - Romanian automated payment solutions provider SelfPay listed a 3 million euro ($3.53 million) bond issue on the multilateral trading system market of the Bucharest Stock Exchange and plans to expand in several European countries in 2022, the bourse said on Tuesday.
The company will use the funds for the development of its network of payment stations in Romania and internationally and for diversification of its services, the bourse said in a press release.
SelfPay plans to develop a payment station network in Spain, Italy, France, Ireland, as well as in other countries in the region, in 2022.
It also plans to launch a mobile application to diversify customer service.
The private placement for SelfPay bonds was carried out in early June. The company issued 30,000 bonds with a face value of 100 euro each and an interest rate of 5.5% per annum, maturing on June 16, 2026. A total 99 investors subscribed for the bonds.
SelfPay recorded revenues of 112.5 million lei ($27 million/23 million euro) in 2020, up 23% on the year, mainly due to the expansion of the national network of payment stations to 5,700 from 3,950 at the end of 2018. The company's net profit rose to 4.5 million lei in 2020 from 1.1 million lei in the previous year due to the growing number of transactions, most of which are payments for invoices and other services.
The company expects a 15% increase in revenues to 129.9 million in 2021, and further up to 167.3 million lei in 2022.
Established as ZebraPay in 2009, SelfPay operates over 5,700 payment stations in over 1,000 locations across the country.
(1 euro=4.9194 lei)