“We will display firm buy and sell quotes for the IMP26E bond series, in a volume of at least 60 bonds in both directions (equivalent to EUR 30,000 BID and EUR 30,000 ASK), at a maximum spread of 2%, but we aim to quote at a spread of 1%,” said Monica Ivan, CEO of BRK Financial Group.
The bond issue comprises 13,163 euro-denominated bonds, with a 6-year maturity and a nominal value of EUR500/bond. The bonds were issued at the end of a private placement in December 2020 and have a fixed interest rate of 6.4% a year.
“In December 2020, we concluded with BRK a partnership on supporting the liquidity of Impact shares, within the Issuer’s Market Maker program, and based on the evolution of the traded volumes we were convinced to extend this partnership also regarding the bonds we issued. We appreciate that a solid liquidity will increase the appetite of investors for the bonds issued by our company,” said Impact CEO Sorin Apostol.
The Issuer’s Market Maker is the participant in The Bucharest Stock Exchange’s trading system that has assumed the role of supporting the liquidity of a financial instrument, based on a contract concluded with the issuer of the respective financial instruments, as well as with the stock exchange.