Financial Supervision Authority approves bond issue prospectus of Echo Investment - Echo Investment

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17-04-2018 08:44

Financial Supervision Authority approves bond issue prospectus of Echo Investment

Echo Investment is launching the third bond issue programme for individual investors. The Financial Supervision Authority has approved the prospectus, based on which the company will be able to issue bonds worth up to PLN 400 mln.

The third public bond programme was established by the management board of Echo Investment on 14 February 2018. 

The prospectus was submitted to the Financial Supervision Authority on 28 February 2018.

“Echo Investment’s bonds for individual as well as institutional investors are one of the best sources of financing for the company's development. We currently have 1.1 mln sqm of offices, apartments and retail space under construction and preparation and we are continuing growing our business in accordance with our profitable growth strategy. The bonds will be used to accelerate the growth in line with the business plan. We also enjoy low indebtedness as well as the confidence of investors. Thanks to the efficient procedures and professionalism of the Financial Supervision Authority we were able to get the prospectus approved quickly” says Maciej Drozd, vice-president of Echo Investment for financial affairs. 

Echo Investment has already had two bond issue programmes for individual investors. In 2014 the company issued bonds with a total value of PLN 200 mln, and in 2017 – PLN 300 mln. Last year's offer, which was  placed in three tranches, attracted a lot of interest from investors every time, the subscriptions exceeded the number of bonds offered after one or two days.