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CMS Advises InPost on Bond Issue Program and First Issue of Bonds

CMS Advises InPost on Bond Issue Program and First Issue of Bonds

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CMS has advised co-organizers and dealers Bank Polska Kasa Opieki S.A. and BNP Paribas Bank Polska S.A., securities dealer ING Bank Slaski S.A., and securities administrator mBank S.A. on a bond issue program for InPost at a total maximum nominal value of PLN 1 billion, as well as the first issue of bonds. Weil, Gotshal & Manges advised InPost on the issuance.

According to CMS, on July 8, 2021, as part of the program, InPost issued the first bonds denominated in PLN at a total nominal value of PLN 500 million with a maturity date in 2027. The first issue took place in the form of a public offer addressed exclusively to qualified investors. The issued values were introduced into trading in the alternative system, Catalyst – run by the Securities Exchange. According to the firm, “the income from the bond issue will be used, amongst other things, to finance the acquisition of the French company Mondial Relay SAS.”

Earlier this year, CMS advised InPost and private equity fund Advent International, its majority shareholder, on InPost’s debut on the Euronext stock exchange in Amsterdam (as reported by CEE Legal Matters on February 1, 2021).

CMS’s team included Partners Slawomir Czerwinski and Rafal Zwierz, Senior Associates Katarzyna Grodziewicz and Artur Bednarski, Lawyer Natalia Szurnicka, and Associate Dominika Pietkun.

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