GetBack to issue PLN 40 mln in bonds

WSE-listed debt collector GetBack wants to raise up to PLN 40 million from the fourth bond issue of its bond issue program, the company said in a market filing. The bonds will mature in 3.5 years and have a variable interest rate based on WIBOR 3M plus 4 percent margin annually. Investors can subscribe for the papers from July 24 to August 4. Back in March, Financial Supervision Authority (KNF) approved GetBack’s PLN 300 million bond issue program. So far, in three issues, the company sold PLN 179.3 million worth of bonds.