One United Properties (ONE), a real estate developer of premium residential projects in Romania, will benefit as of January 3, 2022, from the Issuer Market Maker (IMM) services provided by Raiffeisen Centrobank. It is the second IMM provider for ONE shares, after BRK Financial Group started similar services in August 2021. One United Properties went public on Bucharest Stock Exchange’s Main Market in July last year, following a primary initial public offering which attracted RON 260mn from the capital market investors. One United Properties is also the fifth Romanian company included in FTSE Global All Cap Emerging Markets indices, from December 20, 2021. The market capitalization of the company amounts to RON 3.3bn (EUR 668mn).
‘Since our debut on the Bucharest Stock Exchange, we have paid utmost attention to the liquidity since, alongside top corporate governance, it is the key criteria that global institutional investors follow. We are thrilled that as of today, One United Properties benefits from Issuer Market Making services provided by two brokerage houses. As we see growing capital inflows coming from foreign investors, we continue to prioritize ensuring high liquidity that can support the entry of significant investors into our shareholding. In this context, we look forward to a fruitful collaboration with Raiffeisen Centrobank, which will also provide ONE with research coverage as well as will launch four structured products with ONE stock as underlying’, said Victor Capitanu, One United Properties co-CEO.
‘I am glad we start 2022 with a news related to the liquidity of the market, as a way to point out even more our direct interest in reviving the trading activity. We want a much more liquid market, for the benefit of investors and issuers, and I hope that in 2022 we will see a positive evolution of trading. The level of liquidity of ONE shares had a considerable influence in the decision of including it to BVB and FTSE Russell indices. I hope that this year more and more companies will join this program to support the liquidity of their shares’, said Adrian Tanase, Bucharest Stock Exchange CEO.
The Issuer's Market Maker activity will be performed by Raiffeisen Centrobank based on a contract. ONE share is the fourth financial instrument for which the Raiffeisen Centrobank team offers the Issuer's Market Maker services.
‘We are delighted to start the New Year with another Issuer's Market Maker mandate at the Bucharest Stock Exchange. It underscores Raiffeisen Centrobank's ongoing commitment to the Romanian capital market. We appreciate the confidence placed in our company and our expertise’, said Guenther Kornfellner, Equities & Derivatives Trader for EMEA at Raiffeisen Centrobank.
The total number of the financial instruments listed on Bucharest Stock Exchange that benefit from the Issuer’s Market Maker program is 18 (out of which 17 shares and one bond issue). ONE share is the second one with two IMM providers, next to Purcari Wineries (WINE). The specific parameters applicable to the IMM activity provided by Raiffeisen Centrobank for ONE shares are available HERE.
The IMM is the participant in BVB’s trading system that has taken on the role of sustaining the liquidity of a financial instrument, based on a contract concluded with the issuer of the financial instruments, as well as with BVB. Further information regarding the general framework for the IMM Program can be found HERE.
ONE UNITED PROPERTIES is one of the main real estate developers of sustainable residential, office and mixed-use state-of-the-art projects in Romania. One United Properties is an innovative company dedicated to accelerating the adoption of practices for energy-efficient, healthy, and environmentally sustainable buildings. All the company's buildings are certified for durability, energy efficiency and wellness, and the developer is awarded at several galas and conferences in its field of activity. One United Properties is the first real estate developer in Romania to be awarded internationally with the ’Best Sustainable Development’ award in the world at the International Property Awards 2019-2020.