Sun, Jul
68 New Articles

CK Legal Advises on PragmaGo's PLN 25 Million Issuance

CK Legal Advises on PragmaGo's PLN 25 Million Issuance

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CK Legal Chabasiewicz Kowalska has advised PragmaGo on its PLN 25 million issuance of series C2 bonds.

According to the firm, PragmaGo is one of the largest non-bank financial institutions in Poland and specializes in providing online financing through factoring and loans in the SME segment. The investor of PragmaGo is the Polish Enterprise Fund, which is part of PEF VIII and managed by Enterprise Investors, a private equity firm operating in Central and Eastern Europe.

According to CK Legal, "PragmaGo has successfully placed a bond issuance with a 53.5% subscription reduction. The offering of series C2 bonds was conducted under the prospectus for PragmaGo’s fourth public bond program, approved by the Polish Financial Supervision Authority. Under the prospectus, PragmaGo may issue bonds with a total nominal value of up to PLN 500 million. The bonds will be listed on the regulated Catalyst market operated by the Warsaw Stock Exchange."

The CK Legal team included Founding Partner Wojciech Chabasiewicz and Head of Capital Markets Anita Gwozdz.

Our Latest Issue