Inter Cars raises PLN 150 mln in bond issue

Inter Cars has issued 5-year bonds worth PLN 150 million for unknown investment plans. The bearer bonds were offered at PLN 1000 each. In September, the company signed a deal with mBank and Bank Handlowy regarding an bond issue program with a maximum amount of PLN 500 million. Inter Cars S.A. is the biggest distributor of auto parts in Central and Eastern Europe. Their consolidated revenue in 2013 was PLN 3.5 billion.