Raiffeisen Centrobank, the investment bank of the Austrianfinancial group of the same name, listed eight FP equity-backedstructured products on Vienna, Frankfurt and Stuttgart boursesshortly after the Fund's floatation in Bucharest. Brokers say FP isthus gaining visibility and reaching investors who have not eyedthe Romanian capital market, yet.
The eight products are currently traded on the secondary marketsof the Vienna, Frankfurt and Stuttgart bourses. Each of them has astake of 100 FP shares "behind" it. When buying these warrants,investors on the bourses of Vienna and Germany indirectly becomeshareholders in the Fund, but only the issuers of these warrants(Raiffeisen) has a voting right in AGA. Raiffeisen Centrobankofficials could not be contacted by edition close.
Prior to issuing such products, Raiffeisen Centrobank must holdthe underlying asset, in other words be a shareholder in the Fund,as when the warrants reach maturity (on September 9, 2011 orFebruary 3, 2012), their holders get either FP shares or cash forthe warrants held from Raiffeisen.
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