Kruk to issue bonds worth PLN 135 mln

Poland's largest bulk debt collector Kruk has decided to issue unsecured bonds worth up to PLN 135 million, the company informed. "Kruk will issue no more than 1.35 million AB2 series unsecured 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. 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. The bonds will be traded on the Catalyst market. In mid-March Kruk had already issued PLN 65 mln in corporate bonds in the frame of the PLN 300 mln program.