Ghelamco adopted a resolution to establish the 9th bond issue program, under which the company will be able to issue multiple bonds up to a maximum total nominal value of PLN 400m over three years, the company said.
The bonds will be secured by a surety granted by Granbero Holdings Limited (or another entity from the issuer’s group with its registered office in the country where the European Order for Payment is recognized and executed, to which the partner’s assets will be effectively transferred with a value representing at least 90 percent of the total value of partner), also stated.
In addition, on February 2, 2021, a program agreement was signed between the issuer, partner, Bank Polska Kasa Opieki, BNP Paribas Bank Polska, mBank, Powszechna Kasa Oszczędności Bank Polski, Trigon Dom Maklerski, Trigon Investment Banking as co-organizers of the program, therefore establishing a program. Pursuant to the program agreement, the bonds may be issued under the program for a period of 3 years from the date of the program agreement, summarized.
