Kredyt Inkaso, one of the largest Polish entities in the debt management industry is offering up to 300 thousand PA01 series bonds in a public offering with a fixed interest rate of 5.5% for the first coupon period while in subsequent coupon periods it will offer floating interest based on the WIBOR 6M rate plus a 3.5% margin. Subscriptions for these debt securities are slated to begin on 29 November and last until 12 December. The minimum subscription is for PLN 1,000. The bonds will be listed on Catalyst.
„Under the issue of PA01 series bonds we intend to obtain up to PLN 30 million from investors; this will be the first offering under this program worth up to PLN 300 million. The capital we obtain will help us achieve our strategic objectives. Our business features robust financial performance, a safe debt level and exposure to the growing markets of Central and Eastern Europe”, comments Jarosław Orlikowski, Acting CEO of Kredyt Inkaso.
Under the PA01 series Kredyt Inkaso is offering a fixed interest rate of 5.5% in the first coupon period and an interest rate based on WIBOR 6M plus a margin of 3.5% in subsequent coupon periods. Interest will be paid semi-annually and redemption will take place after the elapse of four years. This offering contains an early redemption option for the issuer after the elapse of three years from the issue date on the payment dates for the sixth and seventh coupon periods. The bonds are slated to be allocated on 14 December and in January 2018 they will be introduced for trading on the Catalyst market. IPOPEMA Securities is acting as the offering agent in this program of publicly issued bonds ratified in mid September. Subscriptions may also be submitted to Expander Advisors. In upcoming years Kredyt Inkaso intends to expand its revenues systematically through organic development in business size, i.e. increasing the value of the acquired portfolios, thereby increasing the value of recovered debts in Poland and abroad. In addition, the Company is positing operating margin growth in its business activity by optimizing the costs of acquiring debt portfolios and increasing profitability on the liquidation of various debt portfolios. The Company plans to focus on mass portfolios originating from various market areas, i.e. retail, mortgage, small and medium enterprises, telecommunication companies and insurance companies.
On the Company:
Kredyt Inkaso is one of the top debt management companies in Poland, a position it has earned through a mixture of professionalism and expert advisory services. It operates effectively in five countries in Central and Eastern Europe, i.e. Poland (the first investor in bundled accounts receivable in 2001), Russia, Romania, Bulgaria and Croatia. Kredyt Inkaso is one of the few entities with competences in liquidating mortgage-backed portfolios. We also provide our partners with full service in the investment process – starting from the search for a portfolio and its valuation, through giving an opinion on its acquisition and ending with the liquidation of the portfolio plus possible buyback after a certain period of administration. People in debt will find Kredyt Inkaso to be understanding of their circumstances and will receive professional assistance from our financial advisors. Since 2007 Kredyt Inkaso SA has been listed on the main market of the Warsaw Stock Exchange.
This material is purely promotional and in no event should it form the basis for making a decision to buy the securities offered by Kredyt Inkaso S.A. (“Company”). The sole legally binding documents containing information on the Company and the public offering of the Company’s bonds issued under the bond issuance program and on the application to admit and introduce these bonds to be traded on the regulated market run by the Warsaw Stock Exchange are as follows: (i) the Company’s basic prospectus approved by the Polish Financial Supervision Authority on 24 November 2017 and (ii) the final terms and conditions for the issue of the Company’s series PA01 bonds that are provided on the Company’s website and additionally, solely for information purposes, on the website of the offering agent – IPOPEMA Securities S.A. This material is not intended for direct or indirect dissemination in the United States of America, Australia, Canada and Japan or any other nation in which that would be in violation of the law, or among residents of these nations.
