OT Logistics plans PLN 100 mln debt issue

The supervisory board of freight transportation company OT Logistics approved the issue of bonds with a total face value of up to PLN 100 million, the company said on Monday. The issue will be carried out in the form of a private placement. The issue proceeds will be spent on the redemption of A series bonds and the financing of the company’s further development. Detailed information on the debt issue will be provided individually to selected entities, the company also said.