Reuters logo
Warsaw-listed GTC completes 200 mln zlotys debt issue
March 11, 2014 / 7:57 AM / 4 years ago

Warsaw-listed GTC completes 200 mln zlotys debt issue

WARSAW, March 11 (Reuters) - 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below