I2 DEVELOPMENT SA (52/2018) Issue and allocation of series H bearer bonds

The Management Board of i2 Development S.A. ("Company", "Issuer") informs that on 26.09.2018 it adopted a resolution regarding the issue of 30,000 (thirty thousand) secured bearer bonds of the series marked with the letter "H", without the form of a document, with a nominal value of PLN 1,000.00 (one thousand) PLN each bond and a total nominal value of PLN 30,000,000.00 (thirty million), interest bearing interest rate equal to WIBOR 3M rate (Warsaw Interbank Offered Rate) for 3-month deposits plus a margin not deviating from market conditions by the maximum maturity date falling on September 26, 2021 ("Bonds"). The Bonds are secured by: (i) a contract for subordinating liabilities to the security administrator resulting from loans granted to companies from the Issuer's Capital Group by entities related to the main shareholder of the Issuer; (ii) a declaration on submission to enforcement by the Issuer for the benefit of the Bondholders.
The offer for the issue of the Bonds has been sent pursuant to art. 33 point 2 of the Act of 15 January 2015 on bonds (the "Act") to a financial institution, which also on September 26, 2018 made a statement on the acceptance of the proposal to acquire the Bonds, and therefore the Management Board allocated the Bonds to it.
The funds raised by the Company from the issue of the Bonds will be fully used to finance the operations of the Issuer's Capital Group, including refinancing of the existing debt of the Issuer's Capital Group.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:i2 Development SA
Adress: ul. Szewska 8 50-122 Wrocław
Phone:+48 71 3766000

Copyright © 2017 PolandStockExchange
This website uses cookies (Regulations / Cookie Policy).