Europejski Fundusz Leasingowy plans zl.150 mn bond issue

Poland's Bank Handlowy (BH) and Bank Rozwoju Exportu (BRE) and German Deutsche Bank have been selected to manage domestic leasing fund Europejski Fundusz Leasingowy's (EFL) bond issue worth some zl.150 million, slated to take place within the next three years. This will mark the highest bond issue conducted by a domestic leasing company ever. Bonds with short- and middle-term maturity will be offered to some 300 investors. EFL announced in January plans to issue eurobonds worth between euro 75 million to euro 100 million in the third quarter of the year. The company recorded net profit of zl.110 million last year, while the value of EFL's assets reached close to zl.1.2 billion. This year EFL intends to up its assets to zl.1.48 billion. (Parkiet, p.7; Gazeta Wyborcza, p.27) M.K.