KRUK allocates bonds with 67% scale-back

Today, KRUK has allocated PLN 100 million in six-year Series AP4 bonds, offering a variable interest rate based on 3M WIBOR plus a fixed margin of 2.7 percentage points per annum. The offering was oversubscribed, with a scale-back of 67% applied to a total subscription volume of PLN 300 million submitted by 1.780 investors.

“For the second time this year, we have successfully placed a PLN 100 million retail bond issue, this time with a margin reduced by 0.1 percentage point compared to the February offering. In light of both our funding needs and strong investor interest, we increased the offering from the originally planned PLN 80 million to a total nominal value of PLN 100 million before the allocation,” comments Piotr Krupa, founder and CEO of KRUK S.A. “We’re grateful for the continued trust from investors who once again responded so enthusiastically to KRUK’s bond offering. We draw on a diversified range of financing sources, and prospectus-based bonds — which we’ve been issuing for 11 years — remain a key part of that. The proceeds will support KRUK’s ongoing growth across major European markets and our digital transformation efforts.”