MLP Group will conduct another bond issue worth EUR 20 million. The debt securities will be issued on November 17, and their redemption will take place on May 17, 2024.
The Management Board of MLP Group adopted a resolution to issue 20,000 unsecured series D bonds with a par value of EUR 1,000 per bond. The offer will be directed to qualified investors. The bonds will be issued on November 17, 2021 at an issue price of EUR 1,000 per bond. The maturity date is May 17, 2024. Thanks to this issue, MLP Group will obtain EUR 20 million.
“Recently, we have held a series of meetings with investors who have confirmed their interest in taking up bonds issued by us and in financing the development of MLP Group. We are also satisfied with the conditions of the interest rate on the coupon, which is currently around 1.70%,” said Monika Dobosz, Financial Director at MLP Group S.A.
It will be another issue of MLP Group bonds carried out in a difficult pandemic period, which will end with a satisfactory result for the company. This year, the Group has already obtained EUR 50.1 million from the issue of shares and bonds. The funds are used mainly for the development of activities on the German, Austrian and Polish markets and for the purchase of new land for further projects.
In line with the “build & hold” strategy, the MLP Group maintains them in its portfolio and manages them on its own after the construction of logistics parks is completed. All projects implemented by the Group are also distinguished by the very attractive location of logistics parks, the use of a built-to-suit solution and the support of the tenant during the term of the lease agreement.
Photo: Monika Dobosz, Financial Director at MLP Group
