From today to 22 April you can subscribe for BEST bonds. However, those interested should not delay their subscriptions, as the company is offering a discount – the sooner you subscribe, the lower the price you will pay.
The 4-year BEST bonds with a total value of PLN 50 million are addressed to retail investors. The company is offering bonds with a variable interest rate equal to WIBOR 3M increased by a margin of 3.5%.This means a profit of almost 5.2% in the first interest period.
The subscription for L3 series bonds is conducted by the Brokerage House of mBank and the Brokerage House of PKO Bank Polski, but it is enough to hold an investment account in any brokerage house. Investors can choose from the total of 49 facilities located across the country. Subscriptions can also be placed online and by phone.
Similarly to previous offerings, the bonds are offered with a discount, the value of which depends on the date of subscription. The sooner an investor subscribes, the lower the price they will pay. Moreover, in the event of reducing subscriptions, the investors who were the first to subscribe will receive the full pool.
BEST is offering to retail investors 500,000 bonds with a nominal value of 100 PLN each. PLN 100 is enough to subscribe. Interest will be paid to investors every three months, and the Company expects the bonds to debut on Catalyst on 23 May.
All the information on the current issue of the bonds is available at:
BEST: Company overview
BEST S.A. is a company listed on the Warsaw Stock Exchange since 1997, specialising in trading in and managing of non-performing debt. The BEST Group actively invests in debt portfolios (especially banking ones) with the use of securitisation funds, and also provides debt collection services for third parties: banks, telecommunication operators and power companies, and other mass service providers.
BEST is also the sole shareholder of BEST TFI, which manages investment funds with total assets of over PLN 984 million (as of 30 December 2015). 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 debt and debt of other entities managed by BEST is over PLN 10.6 billion (as of 30 December 2015). In 2015, the BEST Group generated a net profit of PLN 82.2 million with operating revenues of PLN 140.1 million.
This press release is for promotional purposes only. The only legal sources of information on the public offering of BEST S.A. bonds are the Base Prospectus, which was approved by the Polish Financial Supervision Authority (KNF) on 9 June 2015, the addenda and communication updates to the Base Prospectus, and the Final Terms of the Bond Issue. The Base Prospectus, addenda and communication updates to the Base Prospectus and the Final Terms have been published and are available electronically on the Company's website (www.best.com.pl). The Bonds will not constitute a bank deposit or be covered by the deposit guarantee scheme.
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