Kardan has announced that its subsidiary Global Trade Center (GTC) has raised approximately EUR 210 mln through a bond issue. The proceeds will be used for the purchase of land and the construction of new real estate projects in Central and Eastern Europe. The offering was addressed to leading Polish institutional investors. The bonds bear a floating local interest rate payable semi-annually, 90% of the bonds have a seven-year maturity and 10% have a five-year maturity.
Kardan has announced that its subsidiary Global Trade Center (GTC) has raised approximately EUR 210 mln through a bond issue. The proceeds will be used for the purchase of land and the construction of new real estate projects in Central and Eastern Europe. The offering was addressed to leading Polish institutional investors. The bonds bear a floating local interest rate payable semi-annually, 90% of the bonds have a seven-year maturity and 10% have a five-year maturity.
