Victoria Dom raises PLN 20 million

Warsaw real estate developer Victoria Dom has allocated 20,000 secured bonds maturing in four years, with a total value of PLN 20 million. The company has earmarked the money for real estate development. The bonds, with a floating interest that will be determined based on the WIBOR 6M interest rate, plus 5.6 percent, were purchased by institutional investors. "The money raised will be spent on financing dynamic and long-term growth, in the framework of which, we plan to sell around 700 apartments in the Warsaw agglomeration later this year," said Waldemar Wasiluk, deputy president of the company.