CK Legal Chabasiewicz Kowalska has advised PragmaGO on its EUR 5 million D1EUR bonds issuance with a 30.13% subscription reduction.
PragmaGO is one of the largest non-bank financial institutions in Poland specializing in providing online financing in the form of factoring and loans in the SME segment.
According to CK Legal, “this marks the second euro-denominated issuance this year and the first under the V public bond issuance program, which amounts to PLN 500 million. The transaction will support PragmaGO in financing the acquisition of a majority stake in the Romanian fintech Telecredit IFN, marking a new chapter in the company’s growth – international expansion.”
Earlier this year, CK Legal advised PragmaGO on its PLN 30 million series C6 bonds issue (as reported by CEE Legal Matters on September 11, 2024), on its PLN 35 million series C5 bonds issue (as reported by CEE Legal Matters on August 1, 2024), on its PLN 30 million series C4 bonds issue (as reported by CEE Legal Matters on July 10, 2024), on an EUR 3.5 million bonds issuance (as reported by CEE Legal Matters on May 28, 2024), on its PLN 25 million C3 bonds issuance (reported by CEE Legal Matters on April 2, 2024), on its PLN 25 million issuance of series C2 bonds (reported by CEE Legal Matters on February 1, 2024), and on its acquisition of single invoice financing market company Monevia (reported by CEE Legal Matters on February 13, 2024).
The CK Legal team included Partner Wojciech Chabasiewicz and Head of Capital Markets Anita Gwozdz.
