“The bonds issue is in line with company’s previously announced plans to refinance a portion of the bonds maturing in April 2014 and be able to fund future growth of the Group” – said Erez Boniel, GTC’s Finance Director and Member of the Management Board.
GTC has successfully issued 20,000 new bonds in the total nominal value of PLN 200 million with the nominal value of PLN 10,000 per one bond and maturing in 2019. The Bonds were issued to Polish financial institutions. GTC plans to list newly issued bonds on Catalyst Alternative Trading Systems maintained by Warsaw Stock Exchange and BondSpot.
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GLOBE TRADE CENTRE S.A. (GTC) is one of the leading developers in Central, Eastern and Southern Europe. The company was established in 1994 in Warsaw, Poland. Currently GTC operates in Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine. GTC develops projects and manages completed properties in three key sectors of real estate: office buildings and parks, retail and entertainment centres and residential. To date, GTC has developed approximately 950,000 sq m of net commercial and 300,000 sq m of residential spaces. The company currently manages a combined 583,000 net sq m of completed and operational commercial space (of which the Group’s proportional interest amounts to 530,000 sq m). GTC also holds an impressive portfolio of investment projects at various stages of development. Those will facilitate the construction of 1.1 million sq m of commercial space and 615,000 sq m of residential space. GTC S.A.’s total assets exceed EUR 1,9 billion. GTC S.A. is listed on the Warsaw Stock Exchange on the prestigious WIG30 index. The company’s shares are also included in the international Dow Jones STOXX Eastern Europe 300 and the GPR250 index, which comprises the 250 biggest and most liquid real estate companies of the world. Also, GTC S.A. is listed on the FTSE EPRA/NAREIT Emerging Index. GTC S.A.’s shareholders include many of the biggest Polish and international institutional investors.