Subscriptions for 4-year Kredyt Inkaso series L1 bonds are open from 12 to 26 July. Investors are offered a variable interest rate based on the WIBOR 3M base rate and a fixed margin of 4.7 percentage points per annum.
Kredyt Inkaso currently offers, within the L1 series, bonds with a four-year maturity and floating rate based on the WIBOR 3M base rate and a fixed margin of 4.7 percentage points. 7 July this year witnessed the WIBOR 3M ratio at 7.14%, which translates into the projected double-digit interest in the first interest period, most likely amounting to 11.84% per annum. The described series includes 200 thousand bonds with a par value of PLN 100 each. The issue is conducted under the prospectus approved in August 2021 by the Polish Financial Supervision Authority. The detailed terms and conditions of the public bond issue (established in the form of the so-called final issue terms and conditions) are available on the Company’s website (www.obligacje.kredytinkaso.pl/prospekt-emisacyjny/). The L1 series bonds distribution consortium includes: NWAI DM S.A., Michael/Ström DM S.A., Ipopema Securities S.A. and Noble Securities S.A.
In the financial year ended 31 March, Kredyt Inkaso Group recorded a record-breaking level of repayments from debt portfolios, amounting to PLN 279 million (an increase of 25% compared to the previous year). They translated into the achievement of revenues at the level of PLN 198.1 million and the generation of a net profit of PLN 31.5 million. Cash EBITDA amounted to PLN 162.1 million, and this is 34% better than in the same period of the previous year. The good results were accompanied by a significant reduction in debt levels. The net debt to equity ratio was reduced to 0.94, and the net debt to cash EBITDA ratio to 1.79 (in the previous year it was 1.44 and 3.14, respectively).
Contact for media: email: press@kredytinkaso.pl, phone: +48 602 500 894
This material is not an investor’s offer, and the only legally binding source of information about Kredyt Inkaso S.A. (Issuer) and about the public offering of bonds is the prospectus of the Issuer dated 26 August 2021, along with supplements and updating announcements, as well as the final terms and conditions of the issue of series L1 bonds published on 7 July 2022 on the Issuer’s website – http://obligacje.kredytinkaso.pl/prospekt-emisyjny/ and the Investment Firm – www.nwai.pl. Before submitting a subscription for the L1 series of bonds, one should carefully read their content.
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.
