Dino with 500 mln bond program

WSE-listed retail chain Dino will launch a PLN 500 million secured bonds program, the company said in a market filing. “The purpose of the program is to diversify sources of funding and optimize the company's operating costs. The program does not affect the company's current assumptions regarding the overall level of net debt relative to EBITDA. Funds raised under the program will be devoted to the development of the company's business within the framework of its development strategy, which includes, in particular, the development of its own supermarket network operating in the proximity segment with distribution centers,” the company said. Bonds might be listed on the WS bond market, Catalyst or BondSpot.