Gessel has advised Polska Grupa Odlewnicza (the Polish Foundry Group) in Katowice on the issue of A1 series bonds worth PLN 42.2 million, issued under the bond issue program to the amount of PLN 100 million.
The bonds debuted on the Catalyst market (and in the alternative trading system operated by the WSE and BondSpot S.A.) on September 14, 2016. The debut marked the 14th on the market this year, and PGO becomes the 182nd company listed on Catalyst.
According to Gessel, PGO — one of Poland’s largest metallurgical companies — consists of Odlewnia Zeliwa "Srem", Pioma-Odlewnia, and Kuznia "Glinik". It is a manufacturer of iron and steel castings as well as matrix forgings and open-die forgings, and, according to the firm, "it offers products that meet high standards and European norms, which it directs to the domestic market and abroad."
PGO stock is traded on a regulated market (parallel market) of the Warsaw Stock Exchange.
The Gessel team was headed by Partner Malgorzata Badowska, supported by Trainee Przemyslaw Krzemieniecki.