BEST's second prospectus has been approved

The Polish Financial Supervision Authority has approved the basic prospectus of BEST concerning the bond issue programme realised by the Company. Under this reference document, BEST may start public offerings of bonds having a total par value of up to PLN 150 million.


The approved prospectus concerns the public issue programme launched by BEST in 2014, for bonds having a total par value of up to PLN 300 million. As part of the programme, the Company has already conducted four public offerings of bonds (series K1, K2, K3 and K4) having a total par value of PLN 150 million. As a result, and in line with the updated basic prospectus, BEST may issue bonds having a total value of up to PLN 150 million. The bonds will be issued in several series, and the detailed parameters of each series shall be determined in separate resolutions to be passed by the Board.


"Under our continually-implemented strategy, the funds obtained through the bond issue will be used to pursue further development and to increase the scale of BEST Group's operations, especially by investing in irregular receivables portfolios and in potential acquisitions", says Krzysztof Borusowski, BEST's President.


"We wish to benefit from the currently-observed increased supply of bank receivables. We have participated in all significant tender procedures held by the banks. We are ready to finance the purchase of even the largest receivable portfolios available. Taking into account the low debt ratio of BEST Group, as compared to its competitors, the bond issue has remained the most preferable and effective source of financing. In the future, we may also resort to stock capital if necessary", says BEST's President.


Since 2011, BEST has been an active issuer on the corporate bonds market. To date, the Company, along with the funds managed by BEST TFI, have issued bonds having a total par value exceeding PLN 0.5 billion, half of which has already been re-purchased.


As in the case of previous series of bonds, issued under the public issue programme launched in 2014, the Company is planning to introduce the offered bonds to trading on the regulated market operated by WSE-Catalyst.


Subscriptions for BEST bonds under the programme will be accepted by mBank and mBank Brokerage House.




General information about BEST


BEST S.A. has been listed on the Warsaw Stock Exchange since 1997. The company specialises in the trading and management of non-performing receivables. The BEST Group actively invests in receivables portfolios (especially in the field of banking) with the use of securitisation funds and provides debt collection services for third parties: banks, telecommunications operators, power companies and other mass service providers.


BEST is also the sole shareholder of BEST TFI which obtained its licence to operate from the Polish Financial Supervision Authority (KNF) in 2008. The combination of expertise in the fields of debt collection and that of the establishment and management of investment funds has helped the entity to concentrate all the elements of its business model within one capital group.


Currently, BEST TFI manages four funds, including three securitisation funds: BEST I NSFIZ, BEST II NSFIZ and BEST III NSFIZ, whose assets include portfolios of receivables with a total nominal value of over PLN 9 billion (as of the end of Q1 2015) and the non-public assets fund BEST Capital FIZAN.


For more information visit contact:

Krzysztof Woch

NBS Communications

tel. 22 826 74 18 / mob. 516 173 691


Maciej Szczepaniak

NBS Communications

tel. 22 826 74 18 / mob. 514 985 845





This press release is for promotional purposes only. The only legal source of information on the public offering of BEST S.A. bonds is the Basic Prospectus, which was approved by the Polish Financial Supervision Authority (KNF) on 9 June 2015, together with any annexes or update notices to the Basic Prospectus, and the Final Terms of Bond Issue. The Basic Prospectus, the annexes or update notices to the Basic Prospectus and the Final Terms will be available in an electronic form on the Company's website (at The bonds will not constitute a bank deposit or be covered by the deposit guarantee scheme.