InPost unveils PLN 1 billion bond program, to sell first series by July

By Marisa Wong

Los Angeles, May 11 – InPost SA said it has established a bond program totaling up to PLN 1 billion.

The bond issues will be denominated in Polish zloty and will bear interest at floating or fixed rates with maturities of up to six years, according to a press release.

Final terms of each bond series will be determined through a bookbuilding process.

Proceeds will be used to partially repay a bridge loan that will be used to finance InPost’s acquisition of out-of-home delivery provider Mondial Relay for €565 million (roughly PLN 2.6 billion).

The Poland-based self-service parcel locker company said it intends to issue the first series of bonds by the end of July.

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