Warsaw Stock Exchange-listed developer Atal has issued a new series of bonds that are valued at PLN 70 million and will mature in April 2021. The company will use the funds raised through the issuance for the acquisition of land and the construction of selected projects, said vice president of the management board Mateusz Juroszek. Atal last year spent a record more than PLN 232 million on the purchase of sites for future schemes. The developer bought a total of 14 plots in Warsaw, Kraków, Katowice, Wrocław, Poznań and the Tri-city. They can house developments comprising a combined almost 320,000 sqm of usable space.
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