Kruk announces fourth bond program worth PLN 500 mln
00:48
Poland's largest bulk debt collector Kruk is setting up a fourth public bond purchase program of up to PLN 500 million, the company announced in a market filing.
According to Kruk's new program, issues of particular bond series will be carried out within 12 months from the day of prospectus approval by the financial market regulator KNF.
"Individual issues may be offered on different terms. Means from the new program will be used to finance current operations or investments, debt refinancing or M&A," a statement read.
Kruk is the largest bulk debt collection company in Poland. Currently, it also operates in Romania, Slovakia and the Czech Republic. Since May 2011, the company has been quoted on the Warsaw Stock Exchange.
