CK Legal Chabasiewicz Kowalska has advised Kruk on its latest issuance of series AP2 bonds.
Kruk operates in the debt collection industry across Poland and Central Europe. The company has been listed on the Warsaw Stock Exchange since 2011.
According to CK Legal, "thanks to a dedicated mechanism provided in the base prospectus for the 11th Bond Issuance Program of Kruk, the company was able, during the offering, to increase the number of offered AP2 series bonds and their total nominal value from PLN 100 million to a maximum of PLN 125 million in response to high investor demand. The bond offering attracted significant interest and was concluded with a proportional subscription reduction of 62%."
Earlier this year, CK Legal advised Kruk obtaining the Polish Financial Supervision Authority's approval for its bond issuance program (as reported by CEE Legal Matters on October 18, 2024), on its AO7 bond issuance (as reported by CEE Legal Matters on March 1, 2024), and on the issuance of its AO5EUR and AO6EUR series bonds (as reported by CEE Legal Matters on February 12, 2024). In 2023, CK Legal advised Kruk on its AO3EUR and A04EUR issuance (as reported by CEE Legal Matters on December 20, 2023).
The CK Legal team included Founding Partner Wojciech Chabasiewicz and Head of Capital Markets Anita Gwozdz.
