ZM Kania to issue bonds worth PLN 50 mln

The board of meat processing company ZM Henryk Kania has approved the issue of 50,000 unsecured series F bonds worth PLN 50 million in total, the company said. "The aim of the issue has not been determined," a statement read.  The value of each bond stands at PLN 1,000. They have a floating interest rate that will be determined based on the WIBOR 3M interest rate plus 450 base points and possible additional pay of up to 0.75 percent dependent on the net debt/EBITDA ratio, a statement read. ZM Henryk Kania has been traded on the WSE since 2012.