Kruk to issue bonds worth PLN 100 mln

Poland's largest bulk debt collector Kruk decided to issue uncovered bonds maturing in 6 years worth up to PLN 100 million, the company informed. The bonds will be traded on the Catalyst market and their issue will take place no later than July 31, 2015. "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. Kruk will issue no more than 100,000 Z1 series of uncovered bearer bonds with a nominal value of PLN 1,000 each and with maturity date of 72 months from the deemed date of allotment," a press release read.