Dino to issue PLN 100 mln worth of bonds

WSE-listed retailer Dino will issue three-year bonds worth up to PLN 100 million, the company said in a market filing. Bonds interest will be based on 3M WIBOR plus a fixed margin of 1 with the redemption date set for October 13, 2020. Bonds will be secured by guarantees from selected companies of the Dino capital group and be listed the WSE bond trading platform BondSpot. Previously, Dino Polska adopted a resolution to set up a bond issue program worth up to PLN 500 million and announced that the program aims to diversify its funding sources and optimize its operating costs.