CLiF looking for zł.60 million to re-start after bank battle

The CLiF leasing company intends to issue bonds worth zł.60 million. "We are considering issuing three-year bonds worth zł.60 million. The nominal value of one bond would be zł.0.5 million. The offer would not be public but aimed at large entities," revealed the CLiF president Dariusz Baran. The company which is currently in court disputes with five banks (Kredyt Bank, BGŻ, PKO BP, Pekao SA and Bank Przemysłowy) has no chance of obtaining any financing from the banks. The bond issue would bring-in funds to be spent on restarting activity on the leasing market. Baran revealed that he is counting on interest from speculation funds. The speculation funds may indeed be tempted to buy bonds since in its dispute with the banks CLiF accuses them of appropriating its assets worth zł.200 million and demands the assets back along with due interest. (Puls Biznesu, p.6) E.B.