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BEST sells all its bonds in one day

Due to the very high demand for the bonds offered by BEST and the fact that the subscriptions exceeded the number of offered bonds on the first subscription day, we are ending the subscription process today, 17 January, instead of on 30 January, as originally planned. Furthermore, according to the final terms of issue, all subscriptions will be reduced proportionately.

 

BEST has offered investors 300,000 series R2 bonds with a nominal value of PLN 100 each, and a total nominal value of PLN 30 million. The 4.5-year bonds (to be redeemed in August 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, as part of the current second public issue of bonds, are offered by the brokerage firm Dom Maklerski PKO Banku Polskiego.

 

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General information about BEST

BEST S.A. specialises 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 of BEST TFI, which manages securitisation funds with a total net asset value of approx. PLN 680 million (as of 30 September 2016). Combining competences in debt collection, and creating and managing investment funds allows us to concentrate all the elements of our business model in a single capital group.

 

The total nominal value of own claims and third party claims managed by BEST is more than PLN 11 billion (as of 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:

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 issue of bonds by BEST S.A. (Issuer) as part of the issue programme established by the Issuer include: the Base Prospectus, approved by the Polish Financial Supervision Authority (KNF) on 3 October 2016, addenda and updates to the Base Prospectus, and the Final Terms of Bonds Issue. The Base Prospectus, addenda and updates to the Base Prospectus and the Final Terms have been published and are available on the Issuer's website (www.best.com.pl) and also, for information purposes, on the website of the brokerage firm Dom Maklerski PKO Banku Polskiego (www.dm.pkobp.pl).

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