On the 31st of January 2013 Echo Investment issued coupon bonds at a total value of PLN 200 mln.

The bond issue took place as part of the Bond Issue Programme which was signed with BRE Bank S.A. on the 1st of September 2011. The nominal value and the issue price of one bond amounts to PLN 10,000. The bonds were issued for the period which ends on the 28th April 2017. The interest rate on the bonds is based on the variable WIBOR 6M plus a margin for investors. The interest will be paid semi-annually. The redemption of the bonds on the redemption date will be based on the nominal value of the bonds. The issued bonds are not secured. The funds acquired from the issue of the above-mentioned bonds fully secure borrowing needs of the company related to servicing the bonds which were issued so far and used in the investment processes carried out on the property market in accordance with the strategy of Echo Investment Capital Group. Their date of maturity falls in the current financial year. “It is another issue of bonds under the programme which is being carried out by our agent – BRE Bank SA. We have been present on the market of debt securities since 2004. We are happy with the positive reception of our company and its strategy among market investors, which is confirmed by the bond issue parameters and an oversubscription which amounted to 35 pct,” says Grzegorz Iwański, director of the Funding Department at Echo Investment.