Medicalgorithmics to trade bonds on Catalyst

The Warsaw Stock Exchange has set June 29 as the first day of trading on 50,000 A bond series issued by diagnostic device producer Medicalgorithmics on the alternative market, Catalyst. The value of each bond stands at PLN 1,000. Recently in April, Medicalgorithmics allocated all three-year A series unsecured bonds with a total value of PLN 50 million. Earlier in March, the company 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.