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Anda Todor, AmCham Romania
More attention needs to be paid to the qualitative approach, rather than quantitative»

Bonds of Globalworth will start trading on Bucharest Stock Exchange on July 31

Bucharest Stock Exchange (BVB) informs that the bonds of Globalworth will start trading on the main market on July 31, 2017, and are defined by the following: 5,500 bonds, nominative, dematerialized, freely transferable, at a nominal value of 100,000 Euro and a total value worth 550 million Euro.

2017-07-27 14:54:15

The fixed interest rate which will be paid yearly is 2.875 per cent, while the maturity date is set for June 20, 2022. Trading in these bonds is executed in Euro (as the nominal value is defined in Euro) and their settlement is carried out in RON.

Based on the nominal value expressed in Euro, gross price (%) and volume introduced for an order entered for these bonds, the BVB's system automatically calculates the order's value expressed in Euro as well as a corresponding value expressed in RON, considering the currency rate set by BNR (National Bank of Romania) which is valid for that trading session. The trade resulted, having the value expressed in RON, is sent to Central Depository for performing the settlement in RON, using the usual procedure.

Globalworth is a real estate investment company operating in Central and South-Eastern Europe, focusing mainly on the Romanian market. The company is managed by about 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.



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