O2i Société Anonyme (ENXTPA:ALODI) announced a private placement of convertible bonds for gross proceeds of €2 million on March 21, 2019. The transaction included participation from existing investors Prologue S.A. (ENXTPA:PROL) and NextStage AM. Bonds have nominal value of €1.2 and annual interest of 6% and non-conversion premium of 3%.

Each bond is convertible into ordinary share at a price of €1.4. Bonds issued have average maturity of 4 years and 2 months.