Profil:
Zabka Group SA (Żabka)Zabka grocer has bond issue programme agreement
Listed convenience store chain Zabka Group and Zabka Polska have entered into a bond issue programme agreement, the group said in a market filing. Under the programme, both companies can independently issue bonds up to a total maximum of PLN 1 billion (EUR 239.1 mln).
As stated, the net inflows from the bond issue can be used for corporate-wide purposes of the Zabka Group companies.
"The purpose of launching the bond issue programme is to diversify and improve the efficiency of the group's funding sources. In connection with the bond issue programme, the group does not plan to increase the level of net debt," Zabka said in the market filing.
The bonds will be secured by a surety, which will be provided separately for each series of bonds by Zabka Polska (in the case of bonds issued by Zabka Group) and by Zabka Group (in the case of bonds issued by Zabka Polska).
Ordinary bonds and sustainability-linked bonds may be issued under the programme.
The bonds may bear interest at a variable or fixed rate. The maturity period will be no less than one year and no more than six years.
The companies will apply for the bonds to be introduced into the alternative trading system organised by the WSE.
pel/ ao/