On October 26, 2021, the MLP Group announced it was set to carry out another bond issue worth EUR 20 million.
According to the company, the debt securities will be issued on November 17, 2021, and repurchased on May 17, 2024. It will issue 20,000 unsecured Series D bonds with a nominal value of EUR 1,000 per bond with the bonds offered to qualified buyers.
“Recently, we have held a series of meetings with investors who confirmed their interest in taking up bonds and funding the growth of MLP Group,” commented MLP Group CFO Monika Dobosz. “Also, we are satisfied with the coupon rate, which currently stands at around 1.70%.”
According to MLP, the group has already raised EUR 50.1 million through share and bond issues this year, with proceeds used mainly to support business growth in Germany, Austria, and Poland and to purchase land for new projects.