Kruk issues the third bond program worth PLN 65 mln

Poland's largest bulk debt collector Kruk has allocated AB3 series 5-year bonds worth PLN 65 million issued in frames of the third public bond purchase program, the company informed. "Kruk issued 650,000 AB3 series bonds with a nominal value of PLN 100 each and with a maturity date of 60 months from the deemed date of allotment," a press release read. As many as 791 investors made total provisions for the amount of over PLN 1.45 million. The reduction rate stood at 55 percent. Earlier, Kruk informed that the bonds will be traded on the Catalyst market, and the money raised will be used for purposes related to financing liability purchases, or to refinance the debt of the company, or to finance the development of the company through acquisitions.