- Modified by an early redemption request, the redemption date is 13 March 2020,
- The prepaid amount consists of bonds with a total value of CZK 699 million,
- The issuing agent is Ceska Sporitelna a.s.
TFI notified of its intention of earlier repayment of bonds worth over PLN 118 million issued on the Czech market. The original redemption date is 8 April 2021. Two redeemed bond series had a 5-year tenor and their interest rate was 3.8% + 6M PRIBOR.
MCI TFI’s partner on the Czech market within the bond issuance is Ceska Sporitelna a.s. Bonds were subscribed by the local institutional investors.
– The decision on the earlier repayment of bonds is related to obtaining additional significant funds by the Fund, due to the finalization of the transaction related to the sale of a part of shares in Netrisk, the Hungarian insurer leader, with a value of EUR 77.1 million. We use surplus liquidity to reduce the balance of our total debt, but most of all to reconstruct the financing from medium-term (12-24 months) to long-term (over 24 months) – adjusted to our investment cycle – said Ewa Ogryczak, Member of the Management Board of MCI Capital TFI S.A.
– We are currently in the repayment phase of financing that matures within 18 months and are focusing our efforts on obtaining long-term debt financing. We are talking to both domestic and foreign financial institutions – added Ewa Ogryczak.
MCI Venture Projects Sp. z o.o. VI SKA, is a company within the MCI.EuroVentures subfund structure.