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Another series of BEST bonds sold

Subscriptions for BEST bonds worth a total of PLN 60 million have already reached the subscription limit on the first day of subscriptions. This means that subscriptions are closing today and all subscriptions are subject to reduction.

 

Once again, the offering of BEST bonds has closed early, this time due to the very high demand for the series R3 bonds. Due to the fact that the subscriptions already exceeded the number of bonds offered on the first subscription day, we are ending the subscription today, on 3 March, instead of 16 March, as originally planned. Furthermore, according to the final terms of issue, all subscriptions will be reduced proportionately.

Similarly, the subscription period for series R2 bonds offered in January was also shortened.

Within the current issue BEST offers investors 600,000 series R3 bonds with a nominal value of PLN 100 each, totalling PLN 60 million. These 4.5-year bonds (to be redeemed in September 2021) carry a variable interest rate, amounting to WIBOR 3M plus a 3.3% margin, yielding more than 5% per annum in the first interest period.

BEST’s bonds under the current second programme of the public bond issue are offered by the brokerage firm Dom Maklerski PKO Banku Polskiego. A novel feature was the establishment of a distribution consortium of brokerage houses accepting subscriptions. As before, subscriptions for BEST’s series R3 bonds are accepted by the brokerage firm Dom Maklerski PKO Banku Polskiego and additionally by Biuro Maklerskie Alior Banku S.A. and Dom Maklerski Banku Handlowego S.A. In total, they operate nearly 250 branches across the country.

 

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General information about BEST

BEST S.A. specializes in trading in and managing of non-performing debts and has been listed on the Warsaw Stock Exchange since 1997. BEST Group actively invests in debt portfolios (especially in bank debts) using securitisation funds, and provides debt collection services to third parties: banks, telecommunication and power companies as well as other providers of general services.

BEST is also the sole shareholder in BEST TFI, which manages securitisation funds with a total net asset value of approx. PLN 680 million (as at 30 September 2016). The combination of expertise in the field of debt collection with that in the establishment and management of investment funds helped the entity to concentrate all elements of the business model within one capital group.

The total nominal value of own debts and third party debts managed by BEST exceeds PLN 11 billion (as at 30 September 2016).

In 2015, BEST Group generated a net profit of over PLN 82 million, while operating revenues exceeded PLN 140 million.

 

For more information, visit www.best.com.pl or contact us at:

Krzysztof Woch

NBS Communications

phone: 22 826 74 18 / mobile: 516 173 691

e-mail: kwoch@nbs.com.pl

Maciej Szczepaniak

NBS Communications

phone: 22 826 74 18 / mobile: 514 985 845

e-mail: mszczepaniak@nbs.com.pl

 

You can also follow BEST Group on Twitter: https://twitter.com/BEST_Grupa

 

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This material is for promotional purposes only. The only legally binding sources of information on the public offering of bonds conducted by BEST S.A. (the Issuer) under the issue programme established by the Issuer include: the base issue prospectus approved by the Polish Financial Supervision Authority on 3 October 2016, the addenda and updates to the prospectus and the final terms of bond issue for a particular series of bonds, published on the Issuer's website (www.best.com.pl) and additionally, for information purposes, on the website of Dom Maklerski PKO Banku Polskiego (www.dm.pkobp.pl).

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