Clifford Chance has advised organizer and exclusive dealer Ipopema Securities on Echo Investment's issuance of five-year unsecured bonds with a total value of PLN 140 million.
Echo Investment is a real estate market company in Poland.
According to Clifford Chance, the “interest rate was determined based on the variable WIBOR 6-month rate increased by a margin for investors. In relation to the issue, Ipopema Securities acts, among other things, as the organizer and exclusive dealer of the issue. The money obtained from the bond issue will be used to strengthen the leading position on the real estate market in Poland.”
Earlier this year, Clifford Chance advised Ipopema Securities on the establishment of Echo Investment's bond program and a PLN 180 million issuance (as reported by CEE Legal Matters on January 5, 2023). Back in 2020, the firm also advised mBank on Echo Investment’s PLN 150 million bond issuance (as reported by CEE Legal Matters on July 13, 2020).
The Clifford Chance team included Partner Milosz Golab, Counsel Aleksandra Rudzinska, and Lawyer Zuzanna Bartczak.
