Polnord to issue bonds worth PLN 100 mln

Real estate developer Polnord submitted its prospectus to the financial market watchdog KNF in order to launch the first issue of bonds in its history, the company informed in a press release. The offer is valued at up to PLN 100 million. The developer is going to issue one or a few series of unsecured bonds as a public offer. Polnord wants to pay off part of its maturing bonds and to invest in new projects. The company informed about a possible issue earlier this month.