Capital Park begins public offer worth PLN 65 million

Capital Park has begun a public offer as part of its public bond issue worth up to PLN 100 million. The issue offer is an attempt at lowering the company's costs through a pre-purchase of A-series bonds that are to mature in July of 2015. The first issue offer includes 650,000 bonds at a set price of PLN 100. The securities' interest will be based on a variable rate (WIBOR 3M), increased by a 4.3 percent margin. The bond interest will be paid every three months. The planned allocation of bonds will take place on December 23. The bonds redemption is due in three years, according to an ISBnews report.