The issue was a part of the Bonds Issue Program implemented with BRE Bank S.A.The nominal value and issue price of a single bond is PLN 100 thousand. The bonds were issued for a period of seven years. Bonds redemption date shall be June 30, 2014.
On June 28, 2007 Echo Investment issued voucher bonds for a total value of PLN 300 million. On the redemption date, the bonds shall be redeemed for the nominal value of the bonds. The issue price is PLN 100 for PLN 100. Interest has been determined on the basis of WIBOR 6M rate plus investors’ margin. The issued bonds are not secured.
According to the applied development strategy of Echo Investment S.A. and the entire Capital Group, monies from issue of bonds shall be allocated to financing of development plans execution.
Within a similar bonds issuance carried out in 2004, the company raised funds for development of such projects as, among others, the office building at 3 Postępu Street in Warsaw, or the Pasaż Grunwaldzki mall in Wrocław.