KRUK allocates bonds with 76% order reduction

Today, KRUK has allocated PLN 100 million in six-year Series AP3 bonds, offering a variable interest rate based on 3M WIBOR and a fixed margin of 2.8 percentage points per annum. With subscription orders placed by 2,169 investors for a total amount of PLN 413 million, a 75.8% order reduction was applied.

“I’m delighted by the strong interest from retail investors in the bonds we have now brought to the market, especially that we have lowered the margin by 0.2 percentage point compared with our previous bond issue. In response to this high demand, we decided to increase the offering from PLN 70 million to PLN 100 million in total nominal value, allowing us to allocate bonds at this level,” comments Piotr Krupa, founder and CEO of KRUK S.A. “We’ve regularly tapped the bond market for funding over these past 11 years and remain open to further issues. Under our 11th Bond Programme, we can still offer debt securities totalling up to PLN 600 million by September 2025. In January, we unveiled a new strategy focused on our expansion across five major European markets combined with digital transformation. The funds we raise, including bond proceeds, are instrumental in driving our strategic ambitions forward.”