AB to issue bonds

WSE-listed IT distributor AB is considering the issue of bonds worth PLN 100 million to finance further development, Puls Biznesu reports. So far it has used mostly bank loans for the purpose, but it wants to diversify the financing structure. “The bond issue will allow us to obtain stable financing for a longer term, with attractive interest rates,” AB’s CFO Grzegorz Ochędzan told the daily. The company’s management believes that its shares are undervalued. That is why it is not considering a new share issue.