Atal has issued two-year AY series bonds addressed to institutional investors with a total nominal value of PLN 120 million, the company said. The planned redemption date of the new issue of bonds is October 2023.
The nominal value of one bond is PLN 1,000 and is equal to the issue price. Bond redemption date: October 5, 2023. The interest rate for AY series bonds will be determined according to the WIBOR 6M base rate increased by an interest margin of 1.75% per annum.
The bonds will be traded in the alternative trading system operated by the WSE. The funds obtained will be used to finance selected development projects and land purchases, it was underlined.
“This is yet another issue which has shown that the market is very interested in bonds issued by Atal. The demand reported by investors was almost three times higher than the offered bonds, which confirms that our business model and consistently implemented strategy met with very positive reactions. We regularly decide to use financing from debt securities, which allows us to be more flexible in the implementation of the company’s development strategy, ”said President Zbigniew Juroszek.
BNP Paribas Bank Polska was responsible for the organization of the issue process.