Corwin has placed the second issue of its bonds on the market and has sold them out at Slovenská sporiteľňa in under two weeks.
The proceeds will finance the company’s projects in Slovakia, Slovenia, and the Czech Republic. “The sale launched on 7 May and was originally planned to run until the end of the month. However, by 19 May, the issuance had been fully subscribed, ” commented Robert Mitterpach, CFO at Corwin.
The bonds, with a nominal value of €1,000 each, were purchased by both private and institutional investors. Corwin’s second bond issue raised a total of €23 million. The annual interest rate is 5.20%, payable annually on November 29, with final maturity on November 29, 2029.
“Thanks to this bond issue, we’re now better positioned to transform the Palma industrial brownfield into a vibrant urban district,” Mitterpach explained. The transformation of this former Bratislava brownfield into a “15-minute city” is currently Corwin’s flagship Slovak project spanning more than six hectares.
