BBI Development issued bonds for PLN 14.3 million for refinancing

BBI Development, as part of the Bond Issue Program, issued and allocated 14,330 new, two-year BBI0223 series bonds with a total nominal value of PLN 14.33 million, the company said. The purpose of the issue is to partially repay the existing debt resulting from maturing series BI0221 / 2 bonds with a total nominal value of PLN 40.3 million.

"The bond issue date was February 22, 2021, and the bond redemption date will be February 22, 2023 (with WEO providing for the possibility of early bond redemption). The interest rate on the bonds was determined according to the WIBOR 6M rate increased by the margin for bondholders, separately for each half-year interest period The first interest payment date was set for August 22, 2021, "the release reads.

BBI Development is a real estate development company listed on the Warsaw Stock Exchange (WSE) since 1997.

Source: ISBnews and BBI Development