The J1 and K1 series addressed to institutional investors are two elements of one operation involving refinancing of the Credit Inkaso Group’s debt. This operation will render it possible to make complete redemption of B1, F1 and G1 series bonds, the maturity dates of which fall within the next few quarters.
The said operation will enable the Group to allocate the cash generated on an ongoing basis to a greater extent to new investments in debt portfolios, and much less than in the past – to debt repayment. This will provide the grounds for building the foundation for generating solid future revenues and profits while maintaining relatively low debt ratios. The J1 and K1 series differ in terms of their security so as to meet the expectations of institutional investors featuring different risk attitudes.
The proposal prepared in this way accompanied by the very good financial results achieved by the Group convinced investors to purchase bonds with a total value of PLN 158.749 million. “The willingness of institutional investors to refinance bonds maturing in the next few quarters, amid the current market environ characterised by high volatility and uncertainty, proves a strong confidence in our organisation, and this is how this event should be looked at.” – said Maciej Szymański, President of the Management Board of Kredyt Inkaso. He believes that the debt management industry has shown many times that it is acyclic and can generate profits regardless of the economic situation. Nor is it dependent on the prices of energy resources, which, given the current situation, exerts an additional impact on its attractiveness in the eyes of investors.
The overlapping of the issue of series J1 and K1 bonds with the subscription period for I1 series bonds addressed to individual investors is not intentional. Nevertheless, the positive result of the entire operation is good news also for individual investors who are considering involvement in the ongoing issue of the “prospectus” series I1, as it will allow them to make greater investments in debt portfolios, as well as proves that Kredyt Inkaso Group enjoys a strong confidence of institutional investors, even in the difficult time for capital markets marked by the war in Ukraine.
Periodic depreciation is offered for both the J1 series and the K1 series, prior to final maturity in March 2029.
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.
