IBB Holding to sell bonds on Bucharest Stock Exchange

Business Forum

18 September, 2024 at 9:12 AM

Romanian construction group IBB Holding will issue euro-denominated bonds and list them on the Bucharest Stock Exchange, following a decision of its shareholders.

The bond issuance will have a maximum value of €10 million, with a maximum maturity of 60 months.

The proceeds from the sale will be used to finance ongoing and new projects and support investments in concrete and asphalt production facilities, along with construction equipment and machinery.

“We took this decision to diversify the group's funding sources, in the context of a plan to expand our operations in the coming years," says Ion Crăciunescu, CEO and Founder of IBB Holding.

The group operates four plants that produce concrete for engineering construction, road concrete, and cement-stabilized aggregates near Bucharest, and an asphalt mixing plant in Pantelimon.

Anchor Grup starts to deliver apartments in Bucharest project

Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase. 

Real estate

Square 7 Properties and Mitiska REIM complete €19 million retail park in Pitești

Square 7 Properties and Mitiska REIM have inaugurated Pitești Shopping Park, a new shopping center located in the northern area of Pitești, following an investment of €19 million.

Real estate

Infrastructure investments drive Romania's construction market

Romania's construction market has reached historic highs over the past two years over increased public investment, financed by both national and European funds. At the same time, demand from the residential market has remained limited due to the slow permitting process for new developments in Bucharest. 

Real estate

Bog'Art publishes its first sustainability report

Romanian construction group Bog'Art has published its first sustainability report that outlines the company's results and objectives under the ESG development framework. 

Real estate

Strabag to build new office for PPF Real Estate in Bucharest

The Romanian unit of Strabag has been selected as generator contractor for the construction of a new office building for PPF Real Estate in Bucharest. 

Industry

PE investments in construction sector reached €55 million in 2023 in CEE

Private equity (PE) fund investments in Central and Eastern Europe (CEE) reached a total volume of €1.71 billion in 2023, while Romania ranked 4th at the CEE level.

Finance

ETF BET Patria - TradeVille reaches assets of RON 220 million

The number of investors in the fund also increased more than 12 times in these three years, from 1,483 at the end of February 2021 to 18,265 in February 2024.