Allegro Achieves Successful Debut Bond Issue

Deal News | Jul 08, 2025 | Aim Group

Allegro, a major player in the Polish e-commerce and classified services market, successfully completed a debut bond issue worth PLN1.0 billion ($276 million U.S.). The bond offering, which had a maturity of five years, attracted investor demand of PLN2.7 billion, surpassing its initial target of PLN500 million. The proceeds from the bond issue are intended to diversify Allegro's long-term financing sources and improve its financial flexibility, as reported by Allegro CFO Jon Eastick. The bond was priced at a favorable margin of 130 basis points above the six-month WIBOR, significantly outperforming other similar-scale transactions by Polish companies, hence saving Allegro several million Zlotys in interest costs annually. The offering attracted 28 institutional investors, including pension funds, investment funds, insurance providers, and banks, marking it as one of the best results achieved by a corporate issuer outside the financial sector this year. PKO Bank Polski acted as a co-organizer and agent for the issue. Allegro also reported a 6.7% increase in revenue to PLN10.9 billion and a 17.9% rise in adjusted EBITDA to PLN3.0 billion in 2024.

Sectors

  • E-commerce
  • Financial Services
  • Investment Banking

Geography

  • Poland – Allegro is a leading company in Poland's e-commerce sector, and the bond issuance was conducted in Polish currency.

Industry

  • E-commerce – Allegro operates in the e-commerce sector, being a major marketplace in Poland.
  • Financial Services – The article discusses Allegro's bond issuance, a financial activity involving financial markets and institutions.
  • Investment Banking – PKO Bank Polski's role as co-organizer and agent in the bond issuance relates to investment banking services.

Financials

  • PLN1.0 billion ($276 million U.S.) – Total value of Allegro's debut bond issue.
  • PLN2.7 billion – Investor demand for the bonds, significantly exceeding the initial target.
  • PLN500 million – Initial target for the bond issue.
  • 130 basis points – Margin above the six-month WIBOR for the bond issue.
  • PLN10.9 billion ($2.8 billion U.S.) – Allegro's revenue for the year 2024.
  • PLN3.0 billion – Allegro's adjusted EBITDA for the year 2024.

Participants

NameRoleTypeDescription
AllegroIssuerCompanyAllegro is a leading b-to-c and e-commerce marketplace in Poland, also the second-largest in c-to-c classified services.
PKO Bank PolskiCo-organizer and AgentCompanyPKO Bank Polski is a major financial institution that helped organize Allegro's bond issuance.
Jon EastickCFOPersonJon Eastick is the Chief Financial Officer of Allegro, providing statements about the bond issuance.
Ilona WoyniecDirector of Strategic Client Relations and Project FinancePersonIlona Woyniec is associated with PKO Bank Polski and commented on the bond issue success.