WARSAW, March 11 Warsaw-listed real-estate developer GTC has issued 200 million zlotys ($66 million) worth of bonds to refinance part of its current debt and fund future growth, the group said on Tuesday.
GTC issued 20,000 bonds paying a 4.5 percent coupon and maturing in 2019.
The issue comes after earlier in the year GTC completed a 224-million zloty share offer aimed at cutting its debt.
The developer was hit when the global financial crisis weighed on real-estate prices and resulted in writedowns on some of its assets. ($1 = 3.0371 Polish zlotys) (Reporting by Adrian Krajewski; Editing by David Holmes)