The interest rate on the Series Z1 floating-rate bonds is determined based on the WIBOR3M rate plus a margin of 4.5 per cent. The bond coupons will be paid quarterly and their redemption will take place on 20 December 2026.
The BEST Group is an active participant in the corporate bond market - it has so far issued bonds with a total nominal value of PLN 1.1 billion, of which PLN 1.04 billion has already been redeemed. Currently, five series of BEST S.A. bonds with a total nominal value of PLN 61 million are listed on the Catalyst market.
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Information on BEST S.A.BEST Capital Group is one of the largest debt collection companies in Poland, and it invests actively in non-performing claim portfolios using securitisation funds. BEST S.A. has been listed at the Warsaw Stock Exchange (GPW) since 1997.
BEST S.A., as a member and co-founder of the Association of Financial Companies in Poland, and a co-founder and moderator of the Good Debt Collection Practice actively contributes to the development and shaping of the claims market in Poland.
In 9 months of 2022, repayments from the managed claims portfolios due to GK BEST reached PLN 283 million, operating revenue exceeded PLN 360 million and adjusted cash EBITDA reached PLN 159 million. The carrying amount of the managed claim portfolios at the end of September 2022 was over PLN 1.1 billion.
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BEST SA published this content on 20 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:19:02 UTC.