CK Legal Chabasiewicz Kowalska has advised Kruk on its PLN 70 million issuance of series AO7 bonds.
According to the firm, Kruk successfully placed the bond issuance with a 75,37% subscription reduction. "The total value of subscription orders from 2,316 investors amounted to PLN 284 million."
Kruk operates in the debt collection industry in Poland and Central Europe and has been listed on the WSE since 2011.
The offering of series AO7 bonds was conducted under the prospectus for Kruk’s tenth public bond program, approved by the Polish Financial Supervision Authority, CK Legal reported. Under the prospectus, Kruk may issue bonds with a total nominal value of up to PLN 700 million until July 2024.
Most recently, CK Legal advised Kruk on the issuance of its AO5EUR and AO6EUR series bonds, for a total of EUR 24 million (as reported by CEE Legal Matters on February 12, 2024).
The CK Legal team included Founding Partner Wojciech Chabasiewicz and Head of Capital Markets Anita Gwozdz.