Immocap, in cooperation with Slovenská sporiteľňa, have been selling bonds with a total issue value of €25 million since last week. Today, the developer and the bank have announced that the bonds have been completely sold out.
The bonds were sold at a nominal value of €1,000, with a yield of 5.25% p.a. and a maturity of 3.5 years. This issue also marks Immocap's official entry into the capital market.
Martin Šramko, CEO at Immocap, sees this result as a sign of trust in Immocap and a commitment to the future. "The sale of bonds for the new Istropolis project was an important step for us from several points of view, and we approached it with great respect. We are pleased to confirm the fact that we have believed in for several years - Istropolis is a project with great potential in many ways," added Šramko.
The Istropolis project will bring to the capital a new cultural and social hall with a capacity of up to 3,000 people, five high-quality residential buildings, three energy-efficient office buildings and a new intra-block park, larger than Bratislava's Main Square.
