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GTC issues bonds worth 200 million zloty

The property of GTC: Centrum Biurowe Korona in Cracow
The property of GTC: Centrum Biurowe Korona in Cracow
The company Globe Trade Centre issued bonds with a total nominal value of 200 million zloty.

The issuance of new bonds was made in order to finance the future development of Globe Trade Centre S.A. and because of the necessity of effective extension of maturity of some of the existing bonds. Debt securities are to be introduces to alternative trading system Catalyst and ASO.

 

The issuance of bonds is in line with the plan, previously announced by GTC, to re-finance a part of bonds, maturing in April 2014, and is intended to ensure the financing of the future development of the Group, commented Erez Boniel, Finance Director and the Member of the Management Board of GTC.

 

Globe Trade Centre issued 20 000 bonds, at a price of 10 000 zloty for one bond, which translated into their total value of 200 million zloty. The bonds mature in 2019, and their buyers are Polish financial institutions. The company plans to introduce the bonds to alternative trading system managed by Warsaw Stock Exchange and BondSpot.

 

GTC is a developer company, operating in Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Bulgaria, Russia, Slovakia and Ukraine. The investments of the company are made in three sectors of the real estate market: office buildings and parks, shopping and leisure centres and residential centres.


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