Profil:
Allegro.eu S.A.CORRECTION: Allegro.eu PLN 1 bln bonds debut on Catalyst market
Listed e-commerce platform Allegro.eu has introduced series A bonds worth PLN 1 billion (EUR 235 mln) to trading on the WSE-alternative Catalyst market on Friday.
#corrects the title as it was introduction of bonds to trading and not an IPO#
The bonds have been allocated to 28 entities, including the largest pension funds, investment funds, insurers and banks. Total demand from investors exceeded PLN 2.7 billion (EUR 634.5 mln).
"We expect to issue more bonds in the future, including on the Polish market," CFO Jon Eastick told the debut ceremony.
The issue took place as part of the company's previously established bond issue programme.
The five-year bonds bear interest at a variable WIBOR 6M rate plus a base interest margin of 1.30 percent per annum.
pel/ ao/ nl/