EFL's euro 250 million bond issue aimed at strengthening market leadership

Poland's largest leasing company Europejski Fundusz Leasingowy (EFL) is to issue euro 250 million worth of five-year bonds. The company, which is part of the Credit Agricole Group, plans to use the funds raised from the issue to strengthen its leading position on the domestic market, with part e armarked for financing the purchase of a stake in credit company Lukas. Agent for the issue will be Credit Suisse First Boston, and the bonds will be quoted on the Luxembourg bourse. EFL focuses mainly on leasing services for small and medium-sized companies. As the unquestioned market leader for the past few years, EFL signed leasing contracts valued at zl.1.2 billion last year, the majority of them relating to means of transport. (Puls Biznesu, p. 10) P.W.