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Globe Trade Centre issues new bonds

In order to fund future growth of the Group and effectively prolong maturity of a portion of the existing bonds, Globe Trade Centre S.A. (GTC) issued new bonds in the total value of PLN 200 million. The bonds will be listed on Catalyst ASO.

“The bonds issue is in line with company’s previously announced plans to refinance a portion of the bonds maturing in April 2014 and be able to fund future growth of the Group,” said Erez Boniel, GTC’s Finance Director and Member of the Management Board.

GTC has successfully issued 20,000 new bonds in the total nominal value of PLN 200 million with the nominal value of PLN 10,000 per one bond and maturing in 2019. The Bonds were issued to Polish financial institutions. GTC plans to list newly issued bonds on Catalyst Alternative Trading Systems maintained by Warsaw Stock Exchange and BondSpot.

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