21:44 7 May 2024
Marvipol Development issues bonds valued at PLN 150 million
Institutional and individual investors subscribed for 150,000 Marvipol Development Series P2024A bonds, raising PLN 150 million. This successful offering is the largest in Marvipol Group's history and the largest prospectus bond offering in Poland this decade. During the subscription period ending April 25, demand for the 4-year bonds reached nearly PLN 160 million, resulting in a 6% reduction in subscriptions. The bonds' interest rate is based on the WIBOR 6M rate plus a margin of 4.5%. Marvipol Development President Mariusz Książek stated that the success reflects confidence in the company's business model and growth prospects.
The funds will support development plans in the real estate sector, expected to drive the company's growth. Marvipol Development, one of Poland's leading developers, is currently engaged in several residential and commercial projects.
Source: strefainwestorow.pl
