BEST: New bond issue program

BEST S.A., a debt management company listed on the Warsaw Stock Exchange established a bond issue program worth up to 300 MPLN. The organisation of the program was commissioned by BEST from PKO Bank Polski SA, Bank Pekao S.A., and ING Bank Śląski S.A.

"Since 2010, the growth of the BEST Group has been funded by issue of bonds. To this day, we have issued bonds with a total nominal value 1.13 BPLN, 1.04 BPLN of which has already been redeemed. The share of bonds in the financing structure of the BEST Group has been significantly reduced in the recent year in favour of funding from the banking sector; however, we remain interested in extending cooperation with bond buyers. The financial, business and organisational standing of BEST is very good, as shown by all the key financial indicators. We are ready to consistently pursue the Group's growth strategy and significantly increase the scale of operations by leveraging diversified external funding," says Krzysztof Borusowski, President of BEST.

In 2022, the BEST Group recognised 453.6 MPLN of revenue, 34% more than a year earlier. The net profit attributable to the Company's shareholders for 2022 amounted to 142.3 MPLN, up from 49.3 MPLN in 2021. The record claims repayments reduced the debt ratios to their lowest levels in nearly a decade, with the net debt to equity ratio at less than 0.59 today.