Impact pays out on bonds, looks at another issuance to cover investments

Impact said it had paid interest of more than RON 12.4 million up to February 2009 on bonds with a maturity date of four years and Euribor interest of 6.5 percent.
“This is the second bonds issuance launched and paid out by Impact since 2002, and the company is considering another such exercise in the future in order to support the customers acquiring the company's products,” said Carmen Sandulescu, executive director of Impact.
The company is also considering changing the terms and conditions for its Greenfield project. At the end of last year, it offered potential buyers of its apartments four ways to live in one of its properties, comprising all the financial options offered by banks and developers at that time: mortgages with or without a deposit, renting the property conventionally and renting it with a view to buying later.
Currently, the company is adding more acquisition methods for its north Bucharest-based project Greenfield and said it was looking at personalized and more flexible options.
“As part of our drive to adapt our financial solutions to meet our customers' needs, we are offering our customers the option of living in an apartment even if they are not currently thinking of securing a mortgage on it,” said Sandulescu. This applies only to the Greenfield residential project, according to Impact.
The project will add to the 676 apartments and houses delivered as part of its first development stage at the beginning of the first semester of 2009. Impact representatives said that 400 apartments have been contracted so far.
At the end of last year, a 53-sqm Greenfield studio went for EUR 91,600 including VAT, while renting this kind of property would cost an estimated EUR 440 per month, according to Sandulescu.
Magda Purice