IMPACT raises one million euro in the first 72 hours of the ongoing bond offer

IMPACT Developer & Contractor (ticker 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 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 EUR 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.