Murapol Capital Group, one of Poland’s largest and most experienced residential real estate developers, has successfully issued bonds with a total nominal value of PLN 100 million. The bonds carry a floating interest rate, based on 3M WIBOR plus a 4% annual margin, and mature on April 29, 2028.
“Last year, we established a bond issuance program with a total value of PLN 500 million and launched our first bond series worth PLN 150 million. That issue received strong interest from investors and was listed on the Catalyst market.
The current issuance, like the previous one, was directed toward institutional investors and has again been well received by the market. This confirms that investors value our expertise, strong market position, and proven business model,” said Nikodem Iskra, CEO of Murapol S.A.
The newly issued bonds are unsecured, bearer, plain-vanilla instruments with a 3-year maturity and a floating interest rate. The nominal and issue price per bond was set at PLN 10,000.
The company’s obligations related to the bonds will be monetary only, involving the payment of the nominal value and accrued interest. The bonds are intended to be listed on the alternative trading system operated by the Warsaw Stock Exchange (GPW). The issue agent is IPOPEMA Securities S.A.
“We are effectively delivering on our strategy to diversify funding sources and manage the maturity of our external debt. Despite volatility and uncertainty in global capital markets, we successfully completed another bond issue.
Investor demand significantly exceeded the planned transaction value, which we view as a strong endorsement of our business model, steadily improving financial results, and expanding operational scale,” noted Przemysław Kromer, CFO and Management Board Member of Murapol S.A.“We would like to thank the consortium – Bank Pekao S.A., IPOPEMA Securities S.A., and Santander Bank Polska S.A. – for professionally managing the issuance process. We are pleased to welcome new top-tier financial institutions among our bondholders and aim to strengthen our presence as a respected issuer on Poland’s public corporate debt market. We believe the continued growth of our business will enable our financial partners to generate stable returns.”
