OKAM Incity issues secured bonds

On July 12, 2023, OKAM Incity, a company belonging to the OKAM Group - a residential developer in the Polish construction market, issued secured bonds worth PLN 27 million. The issuer plans to introduce the bonds to the ASO Catalyst market.

The demand expressed by investors significantly exceeded the planned issuance amount, resulting in a 23 percent reduction in subscriptions. It is worth emphasizing that among the interested parties who submitted applications, both individual investors and large entities from the capital market were included.

"This is another crucial moment in the company's development. For nearly 20 years, we have proven ourselves as a reliable business partner and have gained the trust of our customers by meeting their needs and delivering the highest quality products. We are proud that financial investors have also recognized the potential of the OKAM Group and have participated in subscriptions in such large numbers," Joanna Ławniczak, CFO of the OKAM Group highlighted.

(WBJ)