Loading...
Menu
PL
EN
PL
EN
23.07.2014
Current report no. 37/2014
Current report no. 37/2014

Bond issue by Issuer’s subsidiary

The Management Board of Echo Investment S.A. (the Issuer) hereby reports that on the 23rd of July 2014 a subsidiary of the Issuer – "Farrina Investments" Sp. z o.o. with its registered office in Kielce –  issued 10-year bonds with a total nominal value of PLN 122 mln. The interest rate on the bonds was determined on the basis of variable WIBOR 6M rate plus profit margin. Interest earnings will be disbursed in 6-month intervals. On the redemption date the bonds will be redeemed at the nominal value of the bonds. The issued bonds are not secured within the meaning of the Bonds Act. All the bonds issued by the aforementioned subsidiary of the Issuer were acquired by the closed investment funds:  "Forum XXIX Fundusz Inwestycyjny Zamknięty" and "Forum XXXIV Fundusz Inwestycyjny Zamknięty" with their registered offices in Kraków. The Issuer is the direct and indirect owner of all the investment certificates issued by the aforementioned funds. The bonds issued constitute 17% of Echo Investment S.A."s equity capital as at the 31st of March 2014. The above bond issue has a neutral influence on the economic situation of the Issuer"s capital group and it is related to the management process concerning the monetary resources of Echo Investment S.A. capital group.
Legal basis: article 56 section 1 item 2 of the act on public offering and conditions governing the introduction of financial instruments to organised trading and public companies of the 29th of July 2005 (Journal of Laws No. 185 item 1439, as amended).

This site uses cookies.
We use information collected via cookies to give you the best experience on our website. Cookies may also be used by our cooperating research companies and advertising agencies. If you agree to store information contained in cookies, click on the “x” at the upper right of this communication. If you disagree, you can change settings of cookies in web browser options.
I understand