In an effort to refinance part of its debt and fund growth, GTC plans to raise PLN 200m from a new bonds issuance. The notes, targeting institutional investors, will mature in 2019. The newly issued bonds hit the Catalyst market maintained by the Warsaw Stock Exchange and BondSpot.
“The bond issue is in line with company’s previously announced plans to refinance a portion of bonds maturing in April 2014 and be able to fund future growth of the group,” said Erez Boniel, GTC’s finance director and a member of the management board.
