The Polish Real Estate Holding PHN is preparing a new bond issuance to fuel its ongoing development projects. “We see great interest in these type of financial instruments at the moment,” said Włodzimierz Stasiak, PHN’s board member responsible for finances. The first issuance, worth an unspecified number of millions of zloty, could take place this year. Representatives of the company insist PHN continues to have sufficient liquidity.
The company also said it expects to complete its restructuring program by the end of the year. “We’re moving forward with our plans for new acquisitions and sell-offs. At the same time we aim to increase our development margins, as well as the efficiency of our portfolio,” PHN’s Artur Lebiedziński added.
