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CK Legal Advises PragmaGo on PLN 25 Million Issuance C3 Bonds

CK Legal Advises PragmaGo on PLN 25 Million Issuance C3 Bonds

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CK Legal Chabasiewicz Kowalska has advised PragmaGo on its PLN 25 million issuance of series C3 bonds.

According to the firm, "PragmaGo has successfully allotted all the series C3 bonds with a 57,83% subscription reduction. The public offering of the series C3 bonds was conducted under the prospectus for PragmaGo’s fourth bond program, approved by the Polish Financial Supervision Authority. Under the prospectus, PragmaGo may issue bonds with a total nominal value of up to PLN 500 million."

Within the program, PragmaGo can issue either secured or unsecured bonds. "This is an original concept of CK Legal and Dom Maklerski BDM. The bonds will be listed on the regulated Catalyst market operated by the Warsaw Stock Exchange," the firm reported.

PragmaGo is a non-bank financial institution in Poland specializing in providing online financing in the form of factoring and loans in the SME segment.

Two months prior, CK Legal also advised PragmaGo on its PLN 25 million issuance of series C2 bonds (as reported by CEE Legal Matters on February 1, 2024) as well as on its acquisition of single invoice financing market company Monevia (as reported by CEE Legal Matters on February 13, 2024).

The CK Legal team included Founding Partner Wojciech Chabasiewicz and Head of Capital Markets Anita Gwozdz.

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