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CK Legal Advises on Kruk's PLN 75 Million Bonds Issuance

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CK Legal Chabasiewicz Kowalska has advised on Kruk's series AP1 bonds issuance with a total nominal value of PLN 75 million with a 82.73% subscription reduction.

Kruk operates in the debt collection industry across Poland and Central Europe. It has been listed on the Warsaw Stock Exchange since 2011.

According to CK Legal, "this is the first public offering conducted based on the base prospectus of the 11th Bond Issuance Program. Based on this prospectus, Kruk may issue bonds with a total nominal value of up to 900 million PLN over the next year, that is 200 million more than in 2023."

Earlier this year, CK Legal advised Kruk on its AO7 bond issuance (as reported by CEE Legal Matters on March 1, 2024) as well as 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.