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act BSWW legal & tax advises Cordia on its first bond issue in Poland

act BSWW legal & tax advised Cordia Polska, a member of a Hungarian development group, on the issue of three-year A-series bonds worth PLN 68.8 million. The bond issue was arranged by Michael / Ström Dom Maklerski S.A., which also acted as the offering agent.

The bonds were launched into the alternative trading system at Catalyst. The funds obtained will support Cordia’s further expansion in Poland.

The law firm provided comprehensive advice on the bond issue documentation and collaterals, while also performing the function of the collateral agent.

The project was led by Piotr Smołuch (Managing Partner) and Sebastian Sury (Partner).

Cordia forms part of the highly capitalised, Hungarian-owned Futureal Group, one of Central Europe’s largest property development and investment groups. Cordia operates in Hungary and Romania, and has also been operating in Poland since 2014, where it has been consistently expanding its portfolio of completed and ongoing residential projects.

act BSWW legal & tax provides comprehensive debt financing advisory services. The team has conducted more than 500 debt financing transactions with a total value of over PLN 6 billion.



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