Listings in excess of half a billion euros successfully performed on the Bucharest Stock Exchange in the first 8 months

9/14/2020

  • The total value of the financial instruments in the equity and fixed income segments listed on the Bucharest Stock Exchange in the first 8 months of the year amounted to around 533 million in EUR-equivalent.
  • In total, 8 issuers, including the Romanian state represented by the Ministry of Public Finance, have successfully managed to attract financing through the issues of financial instruments listed on the Romanian stock market since the beginning of the year.
  • Radu Hanga, BVB President:
    • It is a strong signal, even amid this pandemic, that accessing multiple sources of financing, including the capital market, is part of a healthy mix for any economic activity. Both private companies and the Romanian state have successfully managed to attract such vital capital through the Bucharest Stock Exchange in order to keep the economy moving.
    • The investment universe is expanding rapidly for the investors who are active on the Romanian stock exchange, and has grown by over half a billion euros just taking into account the listings of shares and bonds in the first eight months. The stock market is constantly expanding and we have received encouraging signals from authorized intermediaries that more issuers are getting ready to access the capital market.
  • Adrian Tanase, BVB CEO:
    • The success of the Romanian stock market is represented by this mix given by the presence of large issuers, whether privately-owned or state-owned, but also by those in the SME segment, as well as by the appetite of Romanian investors who access more and more frequently the instruments available on the capital market, looking for superior returns for their savings.
    • The stock market must be a representation of the economy, a representation where equity and bonds are the basic financial instruments. We want to offer investors, existing or potential, the opportunity to access the capital market according to their risk profile so that they can implement their various investment strategies.

 

The Bucharest Stock Exchange (BVB), a fundamental institution of the capital market in Romania, saw total listings in excess of half a billion euros in the first 8 months of this year. The total value of the financial instruments in the equity and fixed income segments listed on the Bucharest Stock Exchange in the first 8 months of the year amounted to around 533 million in EUR-equivalent. In total, 8 issuers, including the Romanian state represented by the Ministry of Public Finance, have successfully managed to attract financing through the issues of financial instruments listed on the Romanian stock market since the beginning of the year.

"It is a strong signal, even amid this pandemic, that accessing multiple sources of financing, including the capital market, is part of a healthy mix for any economic activity. Both private companies and the Romanian state have successfully managed to attract such vital capital through the Bucharest Stock Exchange in order to keep the economy moving. The investment universe is expanding rapidly for the investors who are active on the Romanian stock exchange, and has grown by over half a billion euros just taking into account the listings of shares and bonds in the first eight months. The stock market is constantly expanding and we have received encouraging signals from authorized intermediaries that more issuers are getting ready to access the capital market", said Radu Hanga, President of the Bucharest Stock Exchange.

"The success of the Romanian stock market is represented by this mix given by the presence of large issuers, whether privately-owned or state-owned, but also by those in the SME segment, as well as by the appetite of Romanian investors who access more and more frequently the instruments available on the capital market, looking for superior returns for their savings. The stock market must be a representation of the economy, a representation where equity and bonds are the basic financial instruments. We want to offer investors, existing or potential, the opportunity to access the capital market according to their risk profile so that they can implement their various investment strategies", stated Adrian Tanase, CEO of BVB.

 

Financial instruments (equity and fixed income) listed on BVB in the first 8 months of 2020

Equity

Issuer

Value

Currency

Nr. of sold shares

Segment

Listing month

Norofert

7,250,000

RON

712,500

SMT

February

Fixed income

Issuer

Value

Currency

Interest

Segment

Listing month

Qualitance

1,500,000

EUR

5% p.a. fixed, paid every half-year

SMT

March

Vivre Deco

3,453,400

EUR

5.25% p.a. fixed, paid quarterly

SMT

April

OMRO IFN

2,000,000

EUR

7.5% p.a. fixed, paid every half-year

SMT

April

Artprint

3,890,200

RON

9% p.a. fixed, paid every half-year

SMT

May

Raiffeisen Bank

480,000,000

RON

ROBOR3M + 3.5% p.a., paid quarterly

Main Market

May

Norofert

11,500,000

RON

8.5% p.a. fixed, paid every half year

SMT

June

Agroland

8,080,300

RON

9% p.a. fixed, paid every half year

SMT

June

Ministry of Public Finance

562,376,800

RON

4% p.a. fixed, paid annually

Main Market

August

Ministry of Public Finance

662,487,200

RON

4.5% p.a. fixed, paid annually

Main Market

August

Ministry of Public Finance

168,382,900

EUR

2% p.a., fixed, paid annually

Main Market

August

 

The Bucharest Stock Exchange offers a financing alternative to already established companies that have a solid track record, as they can gain access to capital from the Main Market, while also being the go-to place for financing start-ups and SMEs on the Multilateral Trading System (SMT). In both markets, both equity and bond issues can be performed.

Following the first 8 months, the total trading value in the equity segment of the Main Regulated Market of BVB accounted for RON 6.9 billion or EUR 1.44 billion. As far as the daily liquidity is concerned, as reflected by the average daily trading value, this indicator displayed a value of EUR 8.7 million in January-August 2020, being on par with the level achieved during the same period last year.