Odratrans S.A., a company providing inland transport services in Poland and Germany, has raised 60 million PLN through a private bond issue. The funds raised from the issue will be allocated to new logistics and port investments as well as the optimization of the group’s financing structure.
The bond issue was aimed primarily at financial institutions. Among those that subscribed to the issue were large, reputable funds, mainly Open Pension Funds (OFE) and Investment Fund Companies (TFI). Due to high interest, some subscriptions were subject to reduction. The bonds will be introduced to trading on the Catalyst market at the beginning of the first quarter of 2012.
– We are pleased that reputable institutional investors have placed their trust in us. The funds raised from the bond issue will allow us to implement planned logistics and port investments, in line with the company’s strategy, and will complete the process of optimizing the financing structure. The bond issue and listing on the Catalyst market will also serve as a trial run before our debut on the WSE, which we are planning for next year – said Piotr Chajderowski, President of the Management Board of Odratrans S.A.