Business
BEST S A : bond issue is launched
BEST S A : bond issue is
About this update from Best S.a.
BEST, a leading debt management company in Central Europe, is set to launch its first public bond offering of 2025. The listed company is issuing five-and-a-half-year bonds worth PLN 83.4 million, fully utilizing its customized PLN 250 million public bond issuance program. The bonds will carry an interest rate based on the WIBOR 3M rate plus a 3.6% margin, which may reach 9.47%* in the first interest period. Subscriptions will be open from 28 February to 11 March this year.BEST S.A. is offering investors 834,158 series AC5 bonds with a nominal value of PLN 100 each. The coupon on the bonds will be paid quarterly, and the bonds will be redeemed on 13 September 2030. They will be listed on the Catalyst market. The issue price of the bonds for subscriptions placed between 28 February and 4 March will be PLN 99.40. For subscriptions made from 5 to 7 March, the price was set at PLN 99.70 and from 8 to 11 March at PLN 100.00. BEST S.A. is coming back to the corporate bond market with an attractive investment proposition to suit the market environment. - Bond issues are a key source of financing for BEST Group's growth. For over a decade, individual investors have consistently entrusted BEST S.A. with their capital, playing a significant role in our business success. In the second half of 2024 alone, we raised over PLN 167 million through public bond issues, which we have invested in expanding our operations. The first results of last year's and earlier investments are already evident in the Group's rising revenues and profits, says Krzysztof Borusowski, President of BEST. Under the plan, the AC5 bond issue will be the final issue carried out before the acquisition of Kredyt Inkaso S.A., which BEST will take over in exchange for new issue shares, i.e. on a non-cash basis. The adopted structure of the two companies' combination does not require BEST to reduce its investment appetite. - We have no plans to slow down-our goal for 2025 is to at least maintain last year's record level of debt purchases. The funds raised from our corporate debt issuance will be used to acquire claim portfolios, both in Poland and abroad. Following our merger with Kredyt Inkaso, our operations will now extend to Italy, Romania, and Bulgaria. BEST is evolving into a regional player with a significantly larger scale of operations, better risk diversification, and an even stronger appeal ...