Ronson Development raises PLN 50 million in private bond placement
Ronson Development has issued 4-year unsecured T-series bonds with a total nominal value of PLN 50 million. The bonds carry a variable interest rate equal to 6M WIBOR plus a margin of 3.5%.
“We have successfully carried out another private placement of bonds. We consider the substantial investors’ interest in our bonds to be an expression of their trust and recognition of the company’s strong balance sheet, consistently implemented strategy and predictable financial results,” said Rami Geris, management board member and chief financial officer at Ronson Development.
T-series bonds were issued as unsecured 4-year papers maturing in May 2022. The securities carry a variable interest rate equal to 6M WIBOR plus a margin of 3.5%.
Ronson Development has been an active, credible issuer of corporate bonds since 2011. As at the end of 2017, the total nominal value of Ronson’s outstanding corporate bonds amounted to PLN 197.2 million. During the first quarter of 2018, the Company has already redeemed H-series bonds worth PLN 5 million. The redemption of the remaining series of bonds will be spread evenly over the years 2018-2021. Most of the bonds issued by Ronson are listed on Catalyst trading platform.