Property developer Wing has successfully issued bonds worth €43.2 million, recording a double oversubscription rate.
The company finalized the bond issue on May 6th, with 43,200 bonds subscribed at a nominal value of €1,000 each.
The bonds, part of a €100 million bond program, have a 3-year maturity and a yield of 6.50%.
Wing intends to utilize the raised capital to pursue new investment opportunities and initiate further real estate development projects. The group has also announced its intention to list all issued bonds on the Budapest Stock Exchange.
“Through bond issuances, we not only strengthen investor confidence, but also offer our investors the opportunity to benefit from the results of the Hungarian real estate market as well as from our successful international investments with a professional partner. The strong investor interest and the more than double oversubscription clearly confirm Wing’s market leadership and its strong and stable position in the Central European real estate market,” stated Noah Steinberg, Chairman and CEO of Wing Zrt.
In 2024, Wing Group reinforced its leading position in the Central European real estate market through significant transactions, quality developments, and market expansion.
