Securities with a nominal value equaled 75 million zlotys were sold out within a week, and Echo Investment partnership shortened the time of accepting records till 11 September of the current year, while in an original intellection, the records were supposed to have been accepted three weeks longer. Echo issued 750 000 three and a half obligations, based on the WIBOR 6M rate, increased by 3,15 per cent margin.
We are very pleased with another unusually successful obligations’ issue of Echo Investment. Such quick sales is another evidence for revival on the investment market and confidence, which investors who locate means on the obligation market have in us – comments Grzegorz Iwański, chairman of Financing Department in Echo Investment.
A and B series were issued by the partnership in June and July 2014. Then, securities with a total value of 75 million zlotys (A series – 50 million zlotys, B series – 25 million zlotys) were sold within few days.
Echo Investment SA is one of the largest investment and development companies in Europe with Polish capital. The partnership is being realized investment in the residential, commercial, office and hotel properties sector. Total area of all realized properties by this company exceeds 1 000 000 sq. m. The partnership has been recorded on the GPW since 1996.