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Zabka Group SA (Żabka)Zabka grocer introduces PLN 1 bln worth bonds to Catalyst market
Listed convenience store chain Zabka's bonds of the ZAB0530 series worth PLN 1 billion (EUR 235.1 mln) have been listed on the alternative-trading Catalyst market, the Warsaw Stock Exchange's operator GPW said in a press release.
According to the WSE, this is the 21st debut on the Catalyst bond market this year and the 156th issuer listed on the market.
The bonds were issued under the sustainability-linked bonds (SLB) formula in accordance with International Capital Market Association (ICMA) standards.
The interest rate on the bonds is variable and set as WIBOR 6M plus a margin of 1.5 percentage points. The bonds mature on May 7, 2030.
"The debut of Zabka Group's bonds on Catalyst is an example of the conscious use of the entire potential of the capital market - from IPOs to debt financing. Catalyst remains an attractive platform for diversifying sources of funding for both medium-sized companies and large, recognisable issuers that build lasting relationships with investors," said the CEO of WSE's operator GPW Tomasz Bardzilowski, quoted in the press release.
"The fact that Zabka's bond issue attracted key domestic and international investors, including the European Bank for Reconstruction and Development and Poland's state development bank BGK, confirms the quality and maturity of the Polish capital market," he added.
pel/ ao/