ROBYG S.A. has completed the public offering and placed PB series bonds in amount of PLN 60 million. The offering was implemented as part of the bond issue program of up to PLN 400 million and resulted in cumulative utilization of the program of PLN 360 million. The aim of the program was to refinance the earlier series of bonds as part of the delisting process of ROBYG S.A. Following the successful bond issuance, this objective has now been fulfilled.
„We are very pleased with the execution of ROBYG`s bond issuance program. The issuance of PLN 360 million in the Polish bond market is a great success, especially considering the fact that this took place at a difficult time, given several recent challenging situations in the market. We would like to extend our thanks to our investors for their ongoing support in allowing ROBYG to be among the select number of issuers to successfully places corporate bonds” – says Artur Ceglarz, CFO, Vice President of the Management Board of ROBYG S.A.
In the first half of 2018, the ROBYG Group contracted net 1516 units (net of cancellations) in Warsaw and Gdańsk. Due to increasing construction costs, the Group has been consistently raising prices of flats and adjusting the pace of sales to better align with the progress of construction. In September, the company will assess its contracting targets for 2018 based on market trends and the length of administrative procedures.