KRUK allots PLN 25m of bonds with 46% order reduction

Today KRUK has announced the allotment of PLN 25m worth of Series AN1 bonds. Subscriptions totalled PLN 46.2m, entailing a 45.8% reduction of subscription orders. The bonds, issued as part of the Ninth Bond Programme, were offered to retail investors. The price per bond is equal to its nominal value of PLN 100. The bonds pay interest at a variable rate, based on 3M WIBOR plus a fixed margin of 4.0 percentage points per annum.

“Investor interest in KRUK bonds shows no signs of waning. We are happy to have won the trust of the investor community and believe it is underpinned by the strong KRUK brand built over the years, confirmed by the track record of our performance. In the fourth prospectus-based issue of debt securities this year, investors have subscribed for PLN 46.2 m of bonds, hence the 45.8% order reduction”, comments Piotr Krupa, CEO of KRUK S.A. “KRUK is faring well and the position of our international Group is strong. Next year we will celebrate the 25th anniversary of our business, and I feel that the best years are still ahead of us. When I think of KRUK, I think of a continual push for excellence, of a modern company leveraging its ongoing technological transformation and of the growing importance of our foreign markets. Thanks to the financing we have raised, we keep delivering continued growth and success for KRUK,” concludes Piotr Krupa.