Poland’s Cyfrowy Polsat has issued corporate bonds with a nominal value of PLN1 billion (€242.46 million).

In a statement, the company says that following the public offer, which began on July 2 and was addressed to at least 150 designated addressees, the bonds were allocvated eight days later to 52 investors.

They included numerous investment and pension funds, as well as the European Bank for Reconstruction and Development (EBRD).

Commenting on the development, Tomasz Szelag, CFO Cyfrowy Polsat and Polkomtel, said: “The bond issue was carried out in relatively difficult market conditions, which makes our success even bigger and which confirms that our Group has very good development prospects. The bond issue enjoyed high interest among investors, which gives us a reason to be very satisfied, especially in light of recent unfavuorable developments on financial markets and also in the face of the Greek crisis. By floating the bonds on the Catalyst market we offered investors yet another instrument for making attractive and stable investments into Cyfrowy Polsat Group”.