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CMS Advises Banks on InPost Bond Issue Program and First Issue of Bonds

CMS Advises Banks on InPost Bond Issue Program and First Issue of Bonds

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CMS has advised co-organizers and dealers Bank Polska Kasa Opieki S.A. and BNP Paribas Bank Polska S.A., securities dealer ING Bank Slaski S.A., and securities administrator mBank S.A. on a bond issue program for InPost at a total maximum nominal value of PLN 1 billion, as well as the first issue of bonds.

According to CMS, on July 8, 2021, as part of the program, InPost issued the first bonds denominated in PLN at a total nominal value of PLN 500 million with a maturity date in 2027. The first issue took place in the form of a public offer addressed exclusively to qualified investors. The issued values were introduced into trading in the alternative system, Catalyst – run by the Securities Exchange. According to the firm, “the income from the bond issue will be used, amongst other things, to finance the acquisition of the French company Mondial Relay SAS.”

Earlier this year, CMS advised InPost and private equity fund Advent International, its majority shareholder, on InPost’s debut on the Euronext stock exchange in Amsterdam (as reported by CEE Legal Matters on February 1, 2021).

CMS’s team included Partners Slawomir Czerwinski and Rafal Zwierz, Senior Associates Katarzyna Grodziewicz and Artur Bednarski, Lawyer Natalia Szurnicka, and Associate Dominika Pietkun.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.