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The R1 series bonds will be allotted to the portfolios of 488 investors

On 27 October BEST allotted series R1 4.5-year bonds with a total nominal value of PLN 50 million. The value of investors’ subscriptions submitted from 10 to 26 October amounts to PLN 52 million in total; therefore, subscriptions submitted on the last two days were reduced by 80.77% on average.

 

The offer of R1 series bonds was the first issue conducted by BEST under the second public issue programme for bonds of a total value of up to PLN 200 million. The Offer programme was addressed to retail investors and covered 500,000 bonds of a nominal value of PLN 100 each, totalling PLN 50 million.

 

Subscriptions for R1 series bonds were accepted from 10 to 26 October 2016. In this period 488 investors subscribed for 519,997 bonds in total. Finally, bonds were allotted to 488 investors and the subscriptions submitted on the last two days (25 and 26 October) were reduced by 80.77% on average.

 

The R1 series BEST bonds are 4.5-year variable interest debt securities, with an interest rate amounting to WIBOR 3M plus a 3.3% margin, which amounts to approximately 5% per annum in the first interest period. The interest rate shall be accrued from the first day of subscription and interest shall be paid to the investors every 3 months, from 20 January 2017.

 

The Brokerage House of PKO Bank Polski will act as a global coordinator and Issue Agent in the second issue programme for BEST bonds. It is the intention of the Company that all bonds issued under the programme shall be admitted to trading on the regulated market operated by WSE. An estimated date of admitting R1 series bonds to trading is 16 November 2016.

 

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General information about BEST

BEST S.A. specialises in trading in and managing 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 securitization 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 investment funds with assets totalling PLN 640 million (as of 30 June 2016). The combination of expertise in debt collection and in the establishment and management of investment funds allowed the entity to combine all elements of the business model within a single capital group.

 

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

 

In 2015, the BEST Group generated a net profit of PLN 82 million with operating income amounting to PLN 140 million.

 

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

Krzysztof Woch

NBS Communications

tel. 22 826 74 18 / mobile 516 173 691

e-mail: kwoch@nbs.com.pl

Maciej Szczepaniak

NBS Communications

tel. 22 826 74 18 / mobile 514 985 845

e-mail address: 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 Prospectus, which was approved by the Polish Financial Supervision Authority (KNF) on 3 October 2016, addenda and updates to the Base Prospectus, and the Final Terms of Bond Issue. The Base Prospectus, addenda and updates to the Base Prospectus and the Final Terms have been published and are available electronically on the Issuer's website (www.best.com.pl) and also, for informational purposes, on the website of the Brokerage House of PKO Bank Polski (www.dm.pkobp.pl).

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