Metropolitan company Biforkom Tek, which develops innovative solutions in the field of IT, entered the capital market and placed an issue of three-year bonds worth 250 million rubles after raising 300 million rubles in capital from the subsidiary organization of SME Corporation - MC MIR.

The raised financing will be used to expand the existing product line, develop and certify new products (industrial and service routers, GSM analyzers, high-speed switches and thin clients), as well as working capital, the SME Corporation press service said.

"Biforkom Tek" is a resident of Technopolis "Moscow" and in addition to the development of innovative solutions in the field of IT telecommunications equipment and data transmission produces high-tech radioelectronic equipment. The company has its own plant, where 50 thousand devices are produced annually.

According to the press service, the organization has high profitability - EBITDA at the end of last year was 31.5%.

"In June 2021, the company fully placed an issue of three-year bonds series BO-P01 for 250 million rubles at 11.25% per annum. BiforCom Tech has been assigned a BBB.ru credit rating while preparing the issue," the company said in a statement.

Made in Russia // Made in Russia

Author: Ksenia Gustova