WING issues €43.2 million in bonds amid strong investor demand

WINGHOLDING Zrt., a major real estate development and investment group in Central Europe, has successfully raised €43.2 million through a bond issuance, recording more than double the subscription demand. The bonds, issued under a €100 million bond programme, carry a 6.50% yield with a three-year maturity.

A total of 43,200 bonds, each with a nominal value of €1,000, were subscribed. The company has submitted an application to list the bonds on the Budapest Stock Exchange.

WING stated that the proceeds from the issuance will be used to support new investment opportunities and the launch of additional real estate development projects.

The company has been active on the domestic capital market since 2016, maintaining a continuous presence through its bond programmes. WING’s strategy focuses on building a sustainable, innovative, and diversified portfolio to help manage market fluctuations.

Noah Steinberg, Chairman and CEO of WING Zrt., said the bond issue aligns with the company’s aim of financing its growth strategy transparently and under competitive market conditions. He added that the strong investor interest demonstrates confidence in WING’s position in both the Hungarian and wider Central European real estate markets.

In 2024, WING recorded a series of successful transactions, developments, and expansion activities that reinforced its role as a leading player in the region’s real estate sector.