News Article bond development financing Impact residential Romania
by Property Forum | Residential

Impact Developer & Contractor, a real estate developer listed on the Bucharest Stock Exchange, has convened the shareholders to approve a bond issue of maximum €100 million on 28 April.

The developer is ready to pay a maximum interest rate of 7% per year and plans to raise the total sum in one or more issues or tranches with maturities of between 3.5 and 7 years.

The bonds will be placed in one or more public offers and/or to certain qualified and/or professional investors or in one or more private investments to investors through an offer addressed to a number of less than 150 individual and institutional investors.