Impact sold a third of the bonds offer in the first 72 hours

Business Forum
Impact Developer & Contractor (symbol IMP) raised over one million euro in the first 72 hours of issuing the bond offer. The public offer for sale of bonds, intermediated by TradeVille, is ongoing until February 23, 2024.

The Public Offering of registered, dematerialized, unconditional, non-guaranteed and nonconvertible bonds have a nominal value of up to €3,000,000, while the nominal value of a bond is of €100. The coupon rate is fixed throughout the entire term of the Bonds and it will be in between 9%-10% per year, and the coupon will be paid on a quarterly basis. There is a minimum subscription limit of 1 bond and maximum subscription limit of 30,000 bonds, but multiple subscriptions can be performed.

"The offer is addressed to both current and potential retail investors, as a result of our strategy to broaden this segment of investors. The increased interest shown since the opening of the offer reconfirms the attractiveness of the company and of the financing instruments used. We are grateful to all investors for their trust and look forward to them joining us in the future", stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.

Over the 28 years of uninterrupted listing on BVB, IMPACT has used various market capitalization instruments, through which it has raised over €130 million.

At the end of last year, analysts at Raiffeisen Bank initiated hedging for IMPACT shares with a buy recommendation and a target price of RON 0.3, which implies a potential return of 25% compared to the current trading price of the shares. The positive position is supported by a favourable outlook for interest rates, a robust pipeline of projects, an attractive commercial real estate portfolio and a more stable real estate climate.

With 33 years of experience on the market, Impact Developer & Contractor S.A. is the first real estate developer listed on the BVB, on the Premium category. The company uses best practices in corporate governance, transparency, accountability and communication with investors, obtaining a rating of 10 in the VEKTOR assessment conducted by the Romanian Investor Relations Association.

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Business Forum  |  21 November, 2024 at 2:16 PM
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