In an effort to roll over debts that mature next year, Echo Investment has placed PLN 230m in new bonds on the Polish debts market. The secured bonds, which cost PLN 1,000 each, mature in April 2018. The WSE-listed developer’s debt currently stands at PLN 981m. “In the opinion of the board, Echo’s LTV ratio will be stable by the time the bonds are to be bought out,” Echo wrote in a statement.
