Kredyt Inkaso with PLN 300 mln bond issue

WSE-listed debt collector Kredyt Inkaso has launched a PLN 300 million bond issue program. According to the plan, the company will issue unsecured, ordinary, bearer bonds within the next 12 months. Kredyt Inkaso plans to use the funds raised from the bonds issue to finance the purchase of portfolios of receivables, operating activities, and refinancing the debts of the entities in the group, as well as entering new markets. “The company does not exclude the use of these funds also for acquisitions in the area of financial services,” the market filing also said. Bonds will be traded on the WSE Catalyst bond market.