MCI Management S.A. raised 18,8 million PLN from the private issue of regular bonds. It was the second issue this year secured with investment certificates of the MCI Group subfunds, with the purpose to raise several dozen million zlotys more for investments in growth and buyout.
On June 28, 2013, MCI closed this year’s second issue of regular bonds secured with investment certificates of the MCI Group subfunds. The series H2 bonds raised 18.8 million PLN. Earlier in April, the fund raised 36 million PLN from the issue of series H1 bonds. The funds raised will be used to finance subsequent investments of the MCI.TechVentures and MCI.EuroVentures funds in technology companies (e-commerce, mobile Internet and cloud computing).
– The H2 series issue is our second successful bonds offering this year. Low indebtment and a high cash buffer combined with an outstanding 15-year trackrecord make MCI one of the most interesting proposals on the bonds market and give investors a really attractive alternative on the market where interest rates plummet. In the first half of 2015, investors acquired bonds worth 54.8 million PLN. Through systematic issues of bonds we are gathering capital for investments in the leaders of the technology sector in Central Eastern Europe – commented Wojciech Marcińczyk, Member of the Board of MCI Management responsible for fundraising and managing the fund MCI.CreditVentures FIZ in the MCI Group.
The series H2 bonds were issued for a period of three years with maturity falling on 28 June 2016. Similarly to H1 series bonds, they are secured by a registered lien on the certificates of the investment funds of the MCI Group: MCI.EuroVentures i MCI.TechVentures. The H2 series bonds have a variable coupon rate based on WIBOR6M plus margin 4.50% with interest paid semiannually. The issuing agent was Raiffeisen Bank Polska S.A. with Copernicus Securities S.A. as the broker.