Orbis to issue bonds
12:53
Hospitality group Orbis, a unit of French Accor, is starting its five-year bond issue on June 26. The total value of the securities is valued at PLN 300 million, parkiet.com reported.
The funds which will be raised through the issue will be committed to paying off the group's loan, the web portal said.
The bonds have a floating interest rate that will be determined based on the WIBOR 6M interest rate plus a fixed margin rate at 0.97 percent. The company informed it allocated all the securities.
The group recorded consolidated net profits of PLN 89.2 million in 2014, compared with PLN 64.98 million in 2014
