Globalworth lists its second corporate bond issue with a value of EUR 550 million on Bucharest Stock Exchange

Monday, 21 May 2018

Globalworth Real Estate Investment Limited, one of the leading real estate investment companies in Central and Eastern Europe, in partnership with BT Capital Partners, a company of Banca Transilvania Financial Group, announces the second admission to trading on the Bucharest Stock Exchange (BVB) of the corporate bonds issued by the company (symbol GWI25), with a total value of EUR 550 million.

“Over the years, Globalworth has successfully completed a series of landmark transactions, which allowed us to become one of the most important investors on the Romanian and Polish office markets. 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 (symbol GWI22), respectively EUR 550 million, funds to be invested in new projects.

“Records are made to be broken or matched. In this case, Globalworth matched its own record, the one the company set last year on the Bucharest Stock Exchange: more than half a billion euros in corporate bonds. It is the best example for encouraging other companies to look more towards the capital market as a source of funding”, said Adrian Tanase, CEO of Bucharest Stock Exchange.

“We are happy to assist our partners from Globalworth, for the second time, in a new large issuing of bonds on the Bucharest Stock Exchange. Therefore, BT Capital Partners continues its engagement as contributor to a continuous development in financial intermediation and the growth of the Bucharest Stock Exchange”, added Paul Prodan, President BT Capital Partners.

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 Romania for foreign investors. The corporate bonds issued by Globalworth have also been admitted to trading on the Irish Stock Exchange.