Real estate developers issued more bonds in 2014 y/y

Last year, real estate developers operating in Poland issued bonds valued at nearly PLN 3.6 billion, which translated to a 32 percent increase compared with some PLN 2.73 billion in 2013, propertynews.pl reported. Costs of issuing bonds are similar to those bared while taking a loan. In addition, developers are in position to decide about any details regarding the issue, not lenders. The bond interest of real estate developers in Poland stands between 5 percent to 8 percent.