Ghelamco to issue another tranche of bonds

Real estate developer Ghelamco will start trading 300,000 bonds today, on June 16 . The price of a share stands at PLN 100, the company informed.

The developer has closed subscriptions for the first tranche of 500,000 bonds dedicated to retail investors. The subscriptions for the second tranche will be open untill June 26.

The new bonds also have a floating interest rate that will be determined based on the WIBOR 6M interest rate plus a fixed margin rate at 4 percent.

Ghelamco Invest is one of the biggest real estate developers on the Polish market. It has delivered such projects as Senator or T-Mobile Office Park in Warsaw and is currently developing Warsaw Spire.

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