KNF approves Best prospectus on PLN 200 mln bond issue
22:52
The Polish Financial Supervision Authority (KNF) has approved Best's basic prospectus on a bond issue worth PLN 200 million as part of a public bond issue program, the company stated. The group plans to make use of funds from the issue as a source of financing for further growth. “The approval of the prospectus opens the way to further bond issues targeting a wide range of investors. It will enable us to optimize sources of capital and to pursue our strategy aimed at systematic growth in the scale of our activities,” said Krzysztof Borusowski, president of Best. In the first half of this year, Best completed its first two-year program of public bond issues with a total nominal value of PLN 300 million. Best specializes in trading and management of non-performing debt portfolios.
