June 27, 2017

GTC confirms its strong market position with a successful bond issue

 GTC confirms its strong market position with a successful bond issue

GTC has announced that it has successfully executed a public bond offering with a total value of EUR 40 million. The securities were in high demand among both institutional clients and retail investors.

On 12 June GTC S.A. completed a EUR 40 million prospectus-exempt public offering of three-year euro-denominated bonds to be listed on Catalyst. EUR 33.5 million bonds were allocated to institutional clients with EUR6.5 million for individual investors.

In the last twelve months GTC has raised over EUR 100 million in the form of euro denominated bonds.

“The high demand for GTC bonds confirms our position of being a well-recognized, reliable and experienced player in the real estate Industry. It shows a strong vote of confidence in GTC’s strategy and growth prospects,” said Thomas Kurzmann, GTC’s CEO.

The money raised will be used to replace existing more expensive PLN bonds and finance further acquisitions and developments of the GTC Group.

The transaction was managed by Ipopema Securities.

GTC S.A. is listed on the Warsaw Stock Exchange and included in the WIG30 index and inward listed on the Johannesburg Stock Exchange. The company’s shares are also included in the Dow Jones STOXX Eastern Europe 300 Index.

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