The subscription for a new series of 4-year corporate bonds of Kredyt Inkaso begins on 4 October. The total value of the issue is PLN 20 million.
The subscription for the H1 series of Kredyt Inkaso bonds will last from 4 October to 15 October 2021. The series is addressed to individual customers in the form of public offering and includes 200,000 bonds with a four-year maturity date with a par value of PLN 100 each. Those willing to purchase are offered a fixed interest rate of 6% per annum and a quarterly interest payment.
The issue will be conducted under the prospectus of the public bond issue scheme approved by the Polish Financial Supervision Authority on 26 August 2021. On its basis, Kredyt Inkaso has the right to issue bonds with a total value of PLN 150 million for one year from the approval. The funds obtained from each series will be used to finance the current operating activities and are aimed at ensuring the further development of the Company.
“Kredyt Inkaso offering is based on a fixed, steady interest rate without the risk of its change. In turn, interest is paid every 3 months, which allows for covering the current expenses of investors. Therefore, given the current market environ, it is an attractive solution. We are dealing here with a low level of interest rates on the one hand, and a still high level of inflation on the other.” – said Maciej Szymański, President of the Management Board of Kredyt Inkaso.
Kredyt Inkaso can boast of very good results achieved in the financial year 2020/2021 with net revenues of PLN 200.3 million (55% higher than in the previous year) and a net profit at the consolidated level of PLN 45.5 million. In turn, in Q1 of the financial year 2021/2022, Kredyt Inkaso Group achieved a record-breaking level of repayments in its 20-year history, amounting to PLN 70.8 million (compared to PLN 53.4 million in the same period of the previous year). The Company also recorded its tenth consecutive quarter with a drop in debt. In the described period, net debt decreased by PLN 191 million and was reduced to PLN 350 million. At the end of June 2021, the net debt to equity ratio was 1.29, and the net debt to cash EBITDA was 2.68.
“Kredyt Inkaso has been achieving better and better results, despite the lack of major investments in new portfolios in recent times. Our plans include new purchases that will help the further development of the Company. We want to exploit the potential of the debt management industry in Poland in the coming quarters and years. However, this goal will be achieved without a significant increase in debt, which will remain at the current moderate levels.” – adds Maciej Szymański.
The offering will be conducted by a distribution consortium: DM NWAI S.A., DM Ipopema S.A., DM Prosper SA, DM NDM SA., Q Securities SA. Detailed terms and conditions of the issue will be available at www.obligacje.kredytinkaso.pl.
About Kredyt Inkaso
Kredyt Inkaso was established in 2001 as a pioneer on the Polish market of debt management. Ever since, it has been constantly supporting companies and entrepreneurs in the recovery process, cooperating with banks, lenders, insurers and other entities from the consumer market. Kredyt Inkaso offers a wide range of services: from payment monitoring, through amicable collection, to court and enforcement processes.
Since 2007, Kredyt Inkaso has been present on the Warsaw Stock Exchange, and in 2018 it conducted the first public issue of bonds. In its activity, the Company follows the principle that the process of debt collection should be as easy and intelligent as possible, but first of all, it should be ethical – which is confirmed by Ethical Audit Certificates awarded annually by the Association of Financial Enterprises in Poland. The Company also pays attention to the issues related to corporate social responsibility and therefore is involved in educational or pro-social undertakings, among others.
