The subscription period will be two weeks and SSIF Tradeville SA has been selected as the intermediary.
The bond issue was approved by shareholders in April.
Impact plans to issue a maximum 30,000 bonds with six-year maturity and a nominal value of EUR500 each.
The fixed nominal rate over the life of the bonds, payable semi-annually on the Coupon Date, will be established by the auction method based on the subscription orders registered in the offer, and will be in the range of 5.9% – 6.4 %. The interest will be payable half-yearly.
Following the private placement, the bonds will be listed for trading on the Bucharest Stock Exchange.
The real estate developer reported a net profit of RON13 million for the first nine months of 2020, down 28% on the year.