Medicalgorithmics allocates PLN 50 mln bonds

Diagnostic device producer Medicalgorithmics has allocated all three-year A series unsecured bonds (50,000), with a total value of PLN 50 million, the company informed. The bonds were allocated to 11 investors. The bond redemption date is April 21, 2016 with the issuer's right of early redemption. Recently, in March, Medicalgorithmics adopted a resolution on the issue of short-term A0 series ordinary bearer, zero-coupon (discount) secured bonds, valued at PLN 48 million. Medicalgorithmics is the producer of a cardiology diagnostics device called PocketECG. The majority of the company’s sales are exports. The company has been listed on the WSE since February 2014.