Polish logistics park developer MLP Group has completed the placement of its €41 mln bond issue, attracting 35 investors.
The offering was arranged and conducted by mBank, with legal advice provided by Taylor Wessing to MLP Group and CMS Cameron McKenna Nabarro Olswang to mBank.
The bond issue consisted of 41,000 unsecured Series G bearer bonds, each with a nominal value of €1,000. The bonds mature on 4 December 2026, offering investors a variable interest rate based on the 3M EURIBOR plus a margin. MLP Group plans to list the bonds on the Warsaw Stock Exchange's alternative trading system.
The funds will be used to further support the company's growth plans, including financing warehouse construction and land acquisition for upcoming projects.
Monika Dobosz, CFO at MLP Group, said: ‘We’re pleased to announce the successful completion of our latest euro bond issue, the largest one in terms of value over the past three years. This is certainly a huge success, reflecting the growing interest from investors eager to support our continued development. The fact that investors have absorbed the issue signifies their confidence in and appreciation of our business model, solid financial standing, and steadfast strategy to expand our property portfolio in the European market.’
Besides Poland, MLP Group is also present in Germany, Austria, and Romania, with plans to expand its business into new markets.
