Echo Investment expects to raise PLN 50m from its latest bond issuance. The company’s supervisory board has already approved the issue of 500,000 D-series bonds. Worth PLN 100 each, the bonds mature in 2107. The variable coupon rate is based on WIBOR 6M plus a 3.5-percent margin. PKO Bank Polski will oversee the issuance.
This is Echo’s third bond issuance since in the second half of the year. The company has raised a total of PLN 150m (A-series: PLN 50m, B-series: PLN 25m, C-series: PLN 75m).
