CK Legal Chabasiewicz Kowalska has advised PragmaGO on PLN 50 million public bond issuance.
PragmaGO is a Poland-based non-bank financial institution. According to CK Legal, the company planned to allocate 400,000 series D3 bonds; however, due to exceptionally high investor interest, PragmaGO increased the allocation to half a million bonds during the offer period. The transaction, which marks the largest public bond offering in PragmaGO’s history, achieved a total nominal value of PLN 50 million with a proportional subscription reduction of 21.64%. PragmaGO’s strategic investor is Polish Enterprise Funds SCA, managed by Enterprise Investors, one of the largest private equity firms in Central and Eastern Europe.
The CK Legal team included Founding Partner Wojciech Chabasiewicz and Head of Capital Markets Anita Gwozdz.
