RTPR advised Autonom Services on first corporate bond offer programme on Romanian market

RTPR assisted Autonom Services S.A. in relation to the implementation of the first corporate bond offer programme established by a local issuer and respectively, in connection with the private placement of the first tranche of corporate bonds issued under the offer programme through which Autonom attracted over EUR 48 million funds. Autonom Services is the most important independent player on the operational leasing and rent-a-car markets in Romania. The bonds issued within this first tranche have been admitted to trading on the regulated market of the Bucharest Stock Exchange. The company will use this financing to support the implementation of the sustainability strategy announced by the company at the beginning of October 2021.

The RTPR team that provided legal advice to Autonom Services in this transaction was made of Mihai Ristici (Partner), Vlad Stamatescu (Managing Associate), Marina Fecheta-Giurgica (Associate) and Raluca Marcu (Junior Associate).

The market firsts brought to the capital markets by this ambitious project would not have been possible without our partners’ support and expertise. We have once again chosen the RTPR team as our legal advisor and we have no regret. We would like to thank them for their valuable contribution to the achievement of this objective, for their professionalism and the extraordinary dedication they show every time in our collaborations. We are happy they are on our side in Autonom’s mission to evolve every day”, declared Dan Stefan, co-founder of Autonom Group.

We are delighted with this new challenge received from Autonom. We have advised them on several occasions in recent years in the most important moments of the company's development, and this new bond issue marks the beginning of a bold and challenging plan to align to the need to reduce carbon emissions”, said Mihai Ristici. 

The first collaboration between RTPR and Autonom took place in 2018, when the law firm advised on the acquisition of BT Operational Leasing from the Banca Transilvania group. Subsequently RTPR assisted Autonom in relation to the first issue of corporate bonds on the regulated market managed by the Bucharest Stock Exchange.

We would like to thank the Autonom team for putting their trust in our team for this new transaction. We are happy to have contributed to the success of this new issue in the same formula and we would like to congratulate them for their courage to explore the benefits of raising funds on the capital market for projects that are designed to meet the highest sustainability standards”, added Vlad Stamatescu.

We are excited to have contributed to the implementation of the novelties for the local capital market (offer programme and inaugural issue of SLB bonds) and grateful for the opportunity to have advised the Autonom team for the third time in their journey to a sustainable development of their business”, declared Marina Fecheta-Giurgica.


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