Debentures of MCI Management SA, issued by way of non-public offering, made their way into the portfolios of several investment funds. An innovative procedure enabled to instantly deposit the bonds with KDPW. The securities will soon make their debut on the alternative Catalyst market.
“We are very satisfied with the executed offering. It is the first tranche included in our plans for this year. The funds raised may be invested very quickly, because the list of potential investments includes several exceptionally interesting projects. We estimate that this amount should be allotted within the next few weeks.” – says Beata Stelmach, Vice President of MCI Management SA.
On July 1, ordinary bearer bonds, series E, were assigned raising 27,450k PLN for the Company. The bonds were offered through a non-public subscription. Face value of one bond is 1,000.00 PLN. The bonds are unsecured. Maturity falls on 28 July 2013.
The low level of indebtment of MCI Management SA, as well as the stable financial situation of the Company, translates into a low level of investment risk and highly attractive opportunities for bondholders. An issue of bonds is one of the ways MCI Management raises funds for new investments. It is not only a beneficial means of financing but also a proper employment of the capital market in developing the Company.
“Being a public company we believe we should use the opportunities and privileges given by the capital market. Several Financial Investors seeking attractive debt securities have joined the ranks of our bondholders. We are very glad that corporate bonds are enjoying greater and greater interest – it is an exceptionally important alternative to bank loans. If there are no rampant changes on financial market, we would like to execute another issuing this fall.” – added Beata Stelmach.