GTC S.A. completed a €40m prospectus-exempt public offering of three-year euro -denominated bonds, which will be listed on Catalyst. Of the total, €33.5m bonds were allocated to institutional clients, while €6.5m went to individual investors. Over the last 12 months, GTC has raised more than €100m through euro-denominated bonds.
“The high demand for GTC bonds confirms our position of being a well-recognized, reliable and experienced player in the real estate Industry. It shows a strong vote of confidence in GTC’s strategy and growth prospects,” said Thomas Kurzmann, GTC’s CEO. The money raised will be used to replace existing, more expensive PLN bonds as well as finance further acquisitions and developments within GTC Group. The transaction was managed by Ipopema Securities
