MCI Capital has successfully placed a bond issuance with a total value of PLN 70 million. The main objective of the issuance was to build an institutional investor base for the fund’s bonds and to extend the maturity of its existing bond debt.
Historically, MCI’s bonds had maturity dates in December 2026 and January 2027. Considering the company’s business profile, it decided to prepare a new issuance primarily targeted at institutional investors. “The successful issuance of PLN 70 million will enable us to carry out an early redemption of the existing bonds and maintain a 3-year debt tenor, with which – as we communicated to investors during the work on this issuance – the company’s management feels comfortable,” says Ewa Ogryczak, Vice President of MCI Capital. Full redemption of the T1 and T2 series bonds will take place on August 18, 2025.
The company has also achieved its key goal of building an institutional market as a stable financing base. The majority of this issuance (over PLN 50 million) was taken up by institutional investors. MCI has historically been active in the institutional bond market; however, in recent years of high interest rates, the company focused on obtaining more flexible and cheaper bank debt.
“By carrying out this issuance, we also want to demonstrate that we still intend to be active in the bond market and develop this channel as one that is appropriate for MCI’s business profile, while providing us with greater security and diversification of funding sources,” adds Ewa Ogryczak. In the future, MCI does not rule out further prospectus-based issuances, aimed primarily at increasing interest from large institutional investors and extending the tenor of its securities.
“We would like to sincerely thank all our investors for the trust expressed by taking up our bonds, as well as our advisors in this project – the team at Noble Securities and the law firm Dubiński Jeleński Masiarz – for their professional handling of the transaction,” concludes Ewa Ogryczak.