Globalworth real estate investment firm, founded by Greek businessman Ioannis Papalekas, listed the second issue of corporate bonds worth 550 million euros on the Bucharest Stock Exchange (BVB), BVB announced.
In 2017, the biggest issue of corporate bonds, worth EUR 550 million, was listed on BSE, of Globalworth Real Estate Investments Ltd.
Globalworth Real Estate has started the procedure in partnership with BT Capital Partners, the financial group of Banca Transilvania.
“The listing of the company’s first bonds on the Bucharest Stock Exchange last year was a benchmark for us, representing at the same time a record for the local market. Today, we announce a new step in our development: the second admission to trading of corporate bonds issued by the company. This follows our growth plans, aiming to become the largest office building company in the entire region, and confirms once again the promise to continue investing in the local market and delivering the best product to our partners”, said Deputy Globalworth Global Investment Manager, Dimitris Raptis.
The funds obtained will be invested in new projects, according to the company.
“The recordings are set to be knocked down or matched. In this case, Globalworth equaled the record that it set last year on the Bucharest Stock Exchange: more than half a billion euros in corporate bonds. It is the best example for other companies to look more towards the capital market as a source of funding,”Adrian Tanase, general manager of the Bucharest Stock Exchange said.
Globalworth corporate bonds are traded on the Bucharest Stock Exchange in euro and the settlement is made directly in euro.
“For the first time in Romania, starting with last year, the direct debit in the European currency was implemented at the Bucharest Stock Exchange, which shows the maturity and the development of the local capital market. (…) Globalworth corporate bonds have also been admitted to trading on the regulated market of the Irish Stock Exchange, “the statement said.