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February 2, 2023
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Globalworth trades corporate bonds worth 550 mil euro on Bucharest Stock Exchange, as of Monday

Real Estate Investment Company, Globalworth, started , as of Monday, to list corporate bonds worth 550 million euro on the Bucharest Stock Exchange (BVB).

Admission to trading of corporate bonds issued by the company, with the GWI22 symbol, is the largest issue of this type in the history of BVB.

“This is a very important moment for the Bucharest Stock Exchange. Globalworth starts to trade bonds on the local stock market, and their value rises to 550 million euro. It is a significant investor on the capital market and we do our best not to disappoint them, as a stock exchange. Another important step on the Romanian capital market has been taken. The capital market in Romania is open for business and we are expecting new intentions. When investors require bonds be placed on the stock exchange market, this means that they appreciate a certain level of liquidity and transparency that contributes to the investors’ safety. It is therefore very important that Globalworth bonds, following their global placement, start trading on the Bucharest Stock Exchange. We are proud of this fact which confirms this historic development of the capital market in Romania,” Ludwik Sobolewski, CEO of the Bucharest Stock Exchange (BVB) told the conference held at the trading launch of the Globalworth bonds.

In his turn, Lucian Anghel, President of BVB, underscored that the listing of Globalworth bonds on the Bucharest Stock Exchange is a new benchmark for the Romanian capital market.

On the other hand, Paul Prodan, Chairman of the BT Capital Partners Board of Directors, said that the trading of the Globalworth bonds could set an example for other companies to come to the Romanian capital market.

Not least, Dimitris Raptis, deputy CEO and Chief Investment Officer of Globalworth, said: “It is an important moment for us, but also for the local market capital. We are talking about a significant amount put up for trading, which represents a great opportunity. These bonds represent some of the most important values on the Romanian market. We are talking about 550 million euro and that is why I am delighted with this step.”

According to the BVB, GWI22 corporate bonds are traded on the Bucharest Stock Exchange in euro at nominal values of 100,000 euro and the settlement will be made in lei.

Globalworth is a real estate investment company operating in Central and Southeastern Europe, with a focus on the Romanian market. The company is managed by approximately 70 professionals and its portfolio includes high quality real estate investments located in Romania, with an estimated value of 983.3 million euro on March 31, 2017.

The Bucharest Stock Exchange carries out the most advanced and complex programme among the European capital markets aimed at increasing the level of financial education. Dedicated particularly to existing or potential investors, as well as to entrepreneurs, the BVB’s activities aim to contribute significantly to the development of the Romanian financial culture. The technical part was also counted among the BVB’s priorities, which developed the Arena XT trading portal, now used by 13 intermediaries.

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