Making its debut on Poland’s Catalyst debt market, Ghelamco is planning a 500,000 bond issue. The bonds, worth PLN 100 each, are set to mature in 2019. The money raised will fuel the developer’s ongoing projects, including those in the pre-development stage. “So far, we’ve raised more than PLN 1bn through 18 issuances, which, along with the external bank financing, has made it possible for us to move forward with crucial projects, such as Senator, Mokotów Nova, T-Mobile Office Park and Warsaw Spire,” said Jarosław Jukiel, finance director and board member at Ghelamco Invest. He added that bond financing remains crucial for the company’s ambitious plans on Poland’s office market.
