KRUK allots PLN 90m of bonds with 9% order reduction

Today KRUK has announced the allotment of PLN 90m worth of Series AO2 bonds. Subscriptions totalled PLN 99m, entailing an 9% reduction of subscription orders. The bonds, issued as part of the Tenth 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.

“We have successfully launched four bond offerings to retail investors this year, all of them attracting huge interest from the market. Cumulatively, we have raised PLN 265m in the retail bond market since the start of this year. We are delighted with this achievement and eagerly anticipate sustained strong investor participation in our upcoming bond issues, which we plan to conduct regularly. Furthermore, I appreciate the increasing popularity of KRUK bonds among our Group’s employees. The funding sourced from our bondholders remains vital, particularly as the KRUK Group continues to expand. These funds, combined with loans and our own resources, play a crucial role in our strategic initiatives,” comments Piotr Krupa, CEO of KRUK S.A. “This year holds special significance for KRUK as we celebrate our 25th anniversary. It’s also been a year of noteworthy milestones, including our inaugural bond issue outside of Poland and delivery of our best ever half-year performance. We remain committed to a coherent development strategy, maintaining transparency and clear communication with the market, which bolsters investor confidence”.