November 18, 2019
ROBYG Group – an offer of bonds worth PLN 100 million

The ROBYG Group announced the public offering of unsecured PC series bonds with a total value of up to PLN 100 million. The offer is directed only to qualified investors1. This is the third issue of bonds under the public offering. The previous two in the total amount of PLN 360 million took place last year. Their purpose was comprehensive refinancing of bonds in connection with a call for shares of the company by an entity indirectly owned by the Goldman Sachs bank and change of the company's status from public to private. The maturity of the planned issue bonds is 5 years, and the offeror is Biuro Maklerskie mBanku SA. The issue is aimed at securing financial resources for land acquisitions on four markets in which the group is active (Warsaw, Gdańsk, Wrocław and Poznań). The company intends to introduce the bonds for trading in the Warsaw Stock Exchange.

In the first half of 2019, the ROBYG Group recorded revenues of PLN 420 million. Net profit amounted to almost PLN 50 million, and net profit attributable to shareholders of the parent company PLN 36 million. At the end of September 2019, the Group had more than 3 600 premises under construction in 3 cities and nearly 3 000 premises launched for sale, the construction of which has not yet begun. In the first three quarters, the Group contracted land for approximately PLN 140 million - thanks to which it has sales potential for approximately 14 000 premises – including approximately 1 400 premises in Poznań, which is the company's fourth market. In the analyzed period, ROBYG launched about 2 000 apartments.


„We are implementing another issue of bonds – we are convinced that its success will be based on the trust that the market places in ROBYG Group as a business partner. Acquiring new investment areas and launching the next stages of ongoing projects requires financing. It is always adapted to the needs, as well as market conditions – so that it is the most advantageous from the point of view of debt service. The ROBYG Group has successfully successfully finalized bond issues on numerous occasions, which enjoyed great market interest each time. The funds obtained from the current issue will support the implementation of the company's long-term strategy in the area of ​​expansion of the investment base in Warsaw, Gdańsk, Wrocław and Poznań” – states Artur Ceglarz, Vice President of the Management Board of ROBYG SA, CFO.

The ROBYG Group will recognize approximately 1 400 premises in revenues after three quarters of 2019 – which is in line with the adopted handover schedule. The company expects the highest volume of transfers in the fourth quarter - which will enable implementation of the plan for 2019 reaching even 2800-3000 apartments. The ROBYG Group has a land bank that allows the construction of approximately 14,000 premises, which secures the liquidity of operations for the coming years.


After three quarters, the Group sold 1853 premises net2, and in the first half of 2019 it expanded its area of operations to Poznań – where it purchased a plot in Ostrów Tumski with the potential to build 1,400 premises. ROBYG is already conducting development activities in Warsaw, Gdańsk and Wrocław. ROBYG has over 20,000 premises sold and 60,000 satisfied customers.


1 Within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published in connection with the public offering of securities or admission to trading on a regulated market and repealing Directive 2003/71 / IN

2 Not including the resignation on the Young City 2 project due to lengthy administrative procedures


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