PHN to issue up to PLN 600 mln in bonds
22:40
Poland's real estate group Polski Holding Nieruchomości (PHN) announced its aim to issue some PLN 600 million in secured bonds, the Polish Press Agency (PAP) informed.
"After talks with banks we are mulling an issue of up to PLN 600 million, including PLN 150-200 million in the first tranche yet in 2016" PHN deputy CEO Piotr Staron said.
However, the official mentioned that the final decision will depend on the scale of PHN's investments.
"It would be ideal to issue bonds before mid-December, but we know that interest is significant and we do not fear seasonality," Staron announced.
