Echo Investment with PLN 450 mln bond program

WSE-listed real estate developer plans to launch a bond program worth up to PLN 450 million this year. As many as PLN 300 million worth of papers will be directed to retail investors, company’s Deputy CEO Maciej Drozd said. The remaining bonds will be offered to institutional investors. Additionally, Echo needs to redeem PLN 400 million bonds this year. “In 2019 and 2020, our debt repayment needs are already low,” Drozd added.