GTC has announced that it has successfully executed a public bond offering with a total value of EUR 40 million. The securities were in high demand among both institutional clients and retail investors.
On the 12th of June 2017, GTC S.A. completed a EUR 40 million prospectus-exempt public offering of 3-year euro denominated bonds to be listed on Catalyst.EUR 33.5 million bonds were allocated to institutional clients, whereas EUR 6.5 million for individual investors.
In the last twelve months GTC has raised over EUR 100 million in the form of euro denominated bonds.
“The high demand for GTC bonds confirms our position of being a well-recognized, reliable and experienced player in the real estate Industry. It shows strong vote of confidence in GTC’s strategy and growth prospects” said Thomas Kurzmann, GTC’s CEO.
The money raised will beused to replace existing more expensive PLN bonds and finance further acquisitions and developments of the GTC Group.
The transaction was managed by Ipopema Securities.