DL Invest Group Raises €350 Million via High Yield Bonds
Deal News | Jul 14, 2025 | White & Case LLP
Global law firm White & Case LLP has played an instrumental role in advising Citigroup Global Markets Europe AG on the issuance of high yield bonds by DL Invest Group PM S.A., a significant player in the Polish real estate sector. The transaction involved the issuance of bonds with a nominal value of €350 million and an annual interest rate of 6.625%, set to mature in 2030. The bonds have been offered in accordance with Regulation S of the US Securities Act and are traded on the Euro MTF market of the Luxembourg Stock Exchange. The proceeds from the issuance are earmarked for multiple purposes including the redemption of existing bonds, repayment of loans, and financing new investment projects, thereby reinforcing DL Invest Group's strategy in the commercial real estate market. The advisory team from White & Case included key partners and associates from Warsaw and London offices.
Sectors
- Real Estate
- Financial Services
- Legal Services
Geography
- Poland – DL Invest Group is a Polish real estate developer and investor.
- Luxembourg – The bonds are listed on the Euro MTF market of the Luxembourg Stock Exchange.
- United Kingdom – White & Case has legal representatives involved from their London office.
Industry
- Real Estate – DL Invest Group is a Polish real estate developer and investor focusing on commercial real estate, making this classification relevant.
- Financial Services – The involvement of Citigroup Global Markets Europe AG as a global coordinator and bookrunner places the article within this industry.
- Legal Services – The article primarily involves legal advisory services provided by White & Case LLP, a global law firm.
Financials
- €350 million – Total nominal value of the high yield bonds issued by DL Invest Group.
- 6.625% per annum – Interest rate of the bonds issued.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DL Invest Group PM S.A. | Target | Company | A Polish real estate developer and investor with 17 years of experience in the commercial real estate market. |
| Citigroup Global Markets Europe AG | Global Coordinator and Bookrunner | Company | Citigroup's European arm responsible for coordinating and managing the bond issuance process. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising Citigroup on the bond issuance. |