Globalworth Real Estate Investment Limited in partnership with BT Capital Partners, a company of Banca Transilvania Financial Group, announced the second admission to trading on the Bucharest Stock Exchange (BVB) of the corporate bonds issued by the company, with a total value of €550 million.
"The company’s first corporate bond listing on the Bucharest Stock Exchange from last year marked a benchmark for us and, at the same time, a record for the local market. Today, we are announcing a new step in our development: the second admission to trading corporate bonds issued by our company. This follows our growth plan, through which we are aiming to become the leading office real estate company in the CEE region and strengthens our promise to continue investing on the local market and providing the best possible product to our partners", stated Dimitris Raptis, Deputy CEO and Chief Investment Officer of Globalworth.
The total value of the corporate bonds issued by the company is similar to the one in 2017, respectively €550 million, funds to be invested in new projects.
The corporate bonds of Globalworth are traded in euros on BVB, and the settlement is done directly in the European currency. For the first time in Romania, as of last year, Bucharest Stock Exchange implemented the settlement directly in euros, thus enhancing the degree of maturity and development of the local capital market. Following the Central Depository implementation of the trading and settlement rules and practices used in European mature markets, the BVB Group has significantly contributed to increasing the trust and attractiveness of the market for foreign investors.
The corporate bonds issued by Globalworth have also been admitted to trading on the Irish Stock Exchange.
