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The Warsaw Voice » Business » May 7, 2008
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Electus in Bond Issue
May 7, 2008   
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Electus, Poland's leading healthcare financing company, is planning to issue public bonds on the Warsaw Stock Exchange. This will be one of Poland's first non-bank corporate bond issues and the first in the country's healthcare sector. The bonds are intended to finance healthcare sector debts.

The prospectus was approved by the Financial Supervision Commission March 7. The initial bond issue has been valued at zl.100 million. The company will use the funds raised to expand its healthcare sector portfolio.

Experts estimate the Polish healthcare liability sector to be worth zl.10 billion, including zl.2.7 billion in matured debts.

Electus specializes in debt restructuring and financing for healthcare institutions. The company purchases matured and non-matured debts and restructures them. The credit is repaid on favorable terms, leaving the debtor with a better cash flow. The debtor repays the debt over a longer period and has better liquidity.

One of Electus's core products involves financing the payment of matured debts by devising regular installment schedules to suit healthcare institutions. A five-year repayment schedule is the most popular option, but Electus can guarantee debt repayment over 15 years owing to its market position and financial robustness. Electus offers an alternative to healthcare institutions that find it difficult to obtain bank loans.

"Healthcare institutions and their partner companies are taking an increasing interest in our services," says Electus Vice-Chairwoman Wioleta Błochowiak. "For a company like ours, access to capital is a priority, enabling us to offer the best possible terms and conditions to our clients and partners."

Electus recorded revenue of zl.34.4 million last year and restructured a debt portfolio worth more than zl.155 million.

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