Echo Investment’s bonds worth PLN 200 million

Park Rozwoju - a complex currently implemented by Echo Investment
Park Rozwoju - a complex currently implemented by Echo Investment
Echo Investment has issued coupon bonds in the total amount of PLN 200 million.

The nominal value and the issue price of one bond amounts to PLN 10 000. The bonds have been issued within Bond Issue Programme signed with BRE Bank S.A. on the 1st September 2011. Issuance period is to terminate on the 28th April 2017.   

The bonds issued by Echo Investment are not secured, and their interest was determined on the basis of variable WIBOR 6M rate plus margin for investors. Interest earnings will be disbursed at 6-month intervals. Redemption of bonds in the day of redemption will be at their nominal price.

It is another successful bonds issuance within the programme conducted by our agent – BRE Bank S.A. We have been operating on debt securities market since 2004. We are glad of positive reception of our company and its strategies by market investors, which is confirmed by obtained issuance parameters and oversubscription, which came to 35 per cent – says Grzegorz Iwański, Director of the Funding Department at Echo Investment.

Funds gained from bonds issuance will cover Echo Investment’s borrowing needs related to servicing the already issued bonds. They were used in relation to implementing investment processes on real estate market, carried out in accordance with company’s strategy. Maturity date of the bonds issued is in the current financial year.

Echo Investment has been founded in 1994. Currently, it invests in real estate market in office, shopping centres, hotels and housing sectors. In addition, it pursues business activity related to managing properties within Echo Investment Property Management sp. z o.o.

 


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