Current report No. 49/2020
Date of preparation: 2020-07-24
Short name of the issuer: i2 Development S.A.
Subject: Issue of series K bonds
Legal basis: Article 17 para. 1 MAR – confidential information
i2 Development S.A. Management Board with its registered office in Wrocław ("Company", "Issuer") informs that on July 24, 2020 adopted a resolution on the issue of 10,000 (ten thousand) secured bonds of the series marked with the letter "K", not in the form of a document, with a nominal value of 1,000, 00 (one thousand) PLN each bond and the total nominal value of PLN 10,000,000.00 (ten million), with interest rate, not deviating from market conditions, with a maximum maturity on August 11, 2023 ("Bonds") .
The Bonds will be secured by a joint mortgage, which will be established on commercial premises located in Wrocław, on a plot of land at ul. Wszystkich Świętych and pl. Jana Pawła II (in buildings B8 and B9 of the "Bulwar Staromiejski" investment), up to the amount of 150% of the value of the Bonds allocated and the assignment – transfer of rights from insurance policies.
The Bonds will be issued in the form of a public offering, as specified in Art. 33 point 1 of the Act of 15 January 2015 on bonds ("Act"), pursuant to Art. 37b paragraph. 1 of the Public Offering Act of July 29, 2005 on public offering and conditions for introducing financial instruments to an organized trading system and on public companies, without drawing up an issue prospectus, on the basis of an information memorandum ("Memorandum").
The funds obtained by the Company from the issue of the Bonds will be used to refinance the Issuer’s series F and G bonds.
The Issuer informs that the Memorandum regarding the Bonds will be published on July 27, 2020 by publication on the website of the offeror, i.e. Michael / Ström Dom Maklerski S.A. : www.michaelstrom.pl.
Signatures of persons representing the Company:
2020-07-24 Marcin Misztal President of the Management Board