KRUK allots additional pool of EUR bonds with 65% order reduction

KRUK has allotted an additional EUR 5m worth of series AO4EUR bonds with a 65% order reduction. It was a supplementary offering conducted right after KRUK’s highly successful prospectus-based offering of bonds in Euro for retail investors, which was the first issue of this kind in KRUK’s history. The total value of subscription orders placed by 316 investors in the supplementary offering amounted to EUR 14.3m. In total, KRUK’s proceeds from the two issues reached EUR 10m.

“KRUK’s second bond issue in Euro on the Polish market, carried out very shortly after the placement of series AO3EUR bonds, was again met with great interest from investors. Let me remind you that in the previous issue we reduced orders by 71%, and this time – by 65%. I am delighted to see the positive reception of our new product on the Polish capital market. Once again, KRUK’s needs align with those of investors,” comments Piotr Krupa, CEO of KRUK S.A. “Both issues also received a lot of interest from KRUK employees outside Poland. One of KRUK’s Management Board members also subscribed for the bonds. This confirms the team’s commitment and faith in KRUK. I frequently emphasise that while past successes should be acknowledged, it is crucial to envision the future and strive for further achievements. The year 2023, marking our 25th anniversary, has been highly favourable for KRUK, yet I am already setting my sights on the future. I believe the coming years will be characterised by continued IT transformation and ongoing improvement of our organisation, contributing positively to KRUK’s international expansion.”