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Financing rounds unfolded through Bucharest Stock Exchange exceed EUR 1.5 billion in the first 10 months
Effervescence on the Bucharest Stock Exchange (BVB): in the first ten months, 25 bond issues, 9 new government securities issues, and 19 share issues were listed. The financing rounds carried out exceeded EUR 1.5 billion.
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Romanian companies listed on BVB are becoming more and more valuable: the total capitalization of companies from the Regulated Market and AeRO reached RON 232 billion or the equivalent to EUR 47 billion at the end of October, an increase of over 40% only this year.
Radu Hanga, BVB President:
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The Romanian stock market has proven that it can finance significant projects both in terms of numbers and volumes: for this year, we are talking about a record number of rounds of financing through bond and share issues, with a cumulative value exceeding EUR 1.5 billion. In the last three years, funding rounds of about 3.5 billion euros took place at BVB.
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We have signals that the listing trend will continue and that more and more companies have understood the advantages of listing on the stock exchange. In order to highlight the Romanian companies on the Multilateral Trading System, we have created the first index, BET AeRO, which should reflect the dynamics of this segment.
Adrian Tanase, BVB CEO:
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The success of the financing rounds carried out so far demonstrates that we have managed to fulfill at the level of BVB the fundamental role of supporting the Romanian economy, a role that became even more valuable in an internal and international context dominated by the coronavirus pandemic and in a time when attracting financial resources is more important than ever.
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In order to further stimulate the development of companies that are not present on the regulated market, we have set out to redefine the current Multilateral Trading System, which includes the AeRO market, and we want to obtain AeRO authorization as a growth market: AeRO Growth Market.
The companies listed on the Bucharest Stock Exchange (BVB) managed to obtain solid performances in the first ten months of this year. The Romanian capital market surged by 35.1% looking at the companies in the BET-TR index, which also includes dividends, and by 28.5% for the 19 most liquid companies included in the BET index. The total value of transactions on the Regulated Market with all types of financial instruments reached RON 15.5 billion, the equivalent of EUR 3.16 billion, up 17.3% compared to the first ten months of the previous year. Significant increases also took place in terms of liquidity: on the Regulated Market, the average daily trading value with all types of instruments reached RON 73.7 million, up 16.8% compared to January-October last year.
The Multilateral Trading System (MTS) registered an accelerated positive evolution in the first ten months of the year when transactions with all types of financial instruments amounted to RON 1.27 billion (+ 269%). In October, the average daily liquidity was RON 7.2 million, increasing by 324% compared to the level of RON 1.7 million in October 2020. In order to provide investors with a benchmark on the evolution of this segment, the Bucharest Stock Exchange launched, on October 11th, the first index dedicated to the AeRO segment. BET AeRO includes 20 companies that at the time of launch represented 40% of the capitalization of Romanian companies from AeRO.
Overall, Romanian companies listed on BVB are becoming more and more valuable: the total capitalization of companies from the Regulated Market and AeRO reached RON 232 billion or the equivalent to EUR 47 billion at the end of October, an increase of over 40% only this year.
„The Romanian stock market has proven that it can finance significant projects both in terms of numbers and volumes: for this year, we are talking about a record number of rounds of financing through bond and share issues, with a cumulative value exceeding EUR 1.5 billion. In the last three years, funding rounds of about 3.5 billion euros took place at BVB. We have signals that the listing trend will continue and that more and more companies have understood the advantages of listing on the stock exchange. In order to highlight the Romanian companies on the Multilateral Trading System, we have created the first index, BET AeRO, which should reflect the dynamics of this segment,” said Radu Hanga, President of the Bucharest Stock Exchange.
„The success of the financing rounds carried out so far demonstrates that we have managed to fulfill at the level of BVB the fundamental role of supporting the Romanian economy, a role that became even more valuable in an internal and international context dominated by the coronavirus pandemic and in a time when attracting financial resources is more important than ever. In order to further stimulate the development of companies that are not present on the regulated market, we have set out to redefine the current Multilateral Trading System, which includes the AeRO market, and we want to obtain AeRO authorization as a growth market: AeRO Growth Market,” said Adrian Tanase, CEO of the Bucharest Stock Exchange.
Romanian companies have become increasingly visible on the radar of international investors. Starting from September 20, 2021, Romania has five companies in the indices of the global supplier FTSE Russell: Banca Transilvania (TLV), Nuclearelectrica (SNN), OMV Petrom (SNP), TeraPlast (TRP) in the indices FTSE Global All-Cap, and Bittnet (BNET) in the FTSE Global Micro-Cap index.
Regarding the domestic market, Bucharest Stock Exchange continues its development efforts and launched on October 11th, simultaneously with BET AeRO, two other indices for the Regulated Market. BET-TRN and BET-XT-TRN represent the variants of total net yield of the BET-TR and BET-XT-TR indices. In order to keep the momentum of the current trend characterized by accelerated listings of financial instruments, BVB has approved the simplification of the listing procedure on the multilateral trading segment, a procedure that will enter into force at the beginning of next year.