Develia will issue DVL1024OZ6 series bonds with a total maximum nominal value of PLN 100 million under the issue program up to a total amount of PLN 400 million, the company said.
“The issue price of the bonds will be equal to their nominal value. The bonds will bear interest at a variable interest rate of WIBOR 3M plus a margin of 2.7 percent per annum. The bonds will be issued on October 8, 2021. [...] The bonds will be introduced to trading in the alternative trading system operated by the Warsaw Stock Exchange,” the release reads.
The bond redemption date is October 8, 2024.
Develia controls a group of special-purpose development companies carrying out residential and commercial investments in the largest cities in the country. The company has been listed on the WSE since 2007. In 2020, it sold 1,361 residential and commercial premises.