17:21 25 February 2025
White Stone Development collect millions in bond issue
White Stone Development (WSD) has successfully completed another bond issuance, raising PLN 25 million to finance residential and commercial projects. To date, the company has secured nearly PLN 200 million through bond sales, with PLN 167.5 million listed on the Catalyst market.
The latest Series L bonds are secured, three-year instruments with a floating interest rate based on WIBOR 3M + 4.4 percentage points. The funds will support larger-scale residential and commercial developments, particularly in Warsaw, its surroundings, and Szczecin.
After this issuance, WSD’s outstanding bond debt will stand at PLN 71.5 million, with no maturities due in 2025. The company also retains the right to early redemption. WSD plans further expansion while continuing its Fort Mokotów office project and electrical installations via its subsidiary Maat4.
(pb.pl)
