KRUK allocates PLN 75 million of bonds with 83% order reduction

Today, KRUK has allocated PLN 75 million of Series AP1 floating-rate bonds, with interest accruing at 3M WIBOR plus a fixed margin of 3.0pp per annum. With subscription orders placed by 1,665 investors for a total amount of PLN 434 million, an 82.73% scale back was applied.

“After more than a six-month pause in bond issuance, we have successfully returned to the debt securities market. Investor demand has exceeded our expectations, surpassing the offer’s value by PLN 359 million, even though the margin is a full percentage point lower than in the series we brought to retail investors over the past two years,” comments Piotr Krupa, CEO of KRUK S.A. “We appreciate the trust that investors have placed in us, and given this strong interest, we do not rule out future bond issues, aligned with our business needs and funding strategies. The 11th bond programme we have currently launched allows us to issue up to a total of PLN 825 million until September 2025. We continue to grow our business in the four key European markets and are advancing the technological transformation of KRUK. The funding raised will facilitate the continuation of these efforts.”