Kruk Upsizes Bond Issuance to PLN 100 Million Amid High Demand

Deal News | Jul 09, 2025 | CEE Legal Matters

Kruk Upsizes Bond Issuance to PLN 100 Million Amid High Demand

CK Legal Chabasiewicz Kowalska has successfully advised Kruk, a prominent debt collection company based in Poland and Central Europe, on a major bond issuance amounting to PLN 100 million. Initially set at PLN 80 million, the bond offering was upsized to PLN 100 million due to strong investor interest, closing with a 67% proportional subscription reduction. Kruk, a company listed on the Warsaw Stock Exchange since 2011, has been actively issuing bonds as a means of raising capital. Earlier this year, CK Legal advised Kruk on another similar-sized bond issuance and on various bond-related regulatory approvals and offerings in previous years. The advisory team was led by CK Legal's Founding Partner Wojciech Chabasiewicz and Head of Capital Markets Anita Gwozdz, highlighting the firm's ongoing relationship and significant role in Kruk's financial undertakings.

Sectors

  • Debt Collection
  • Capital Markets

Geography

  • Poland – Kruk is a company operating in Poland and is listed on the Warsaw Stock Exchange; CK Legal is also based in Poland.
  • Central Europe – Kruk operates across Central Europe in the debt collection industry, affecting its business operations in the region.

Industry

  • Debt Collection – Kruk operates in the debt collection industry, providing services related to collecting overdue payments for its clients across Poland and Central Europe.
  • Capital Markets – The article discusses Kruk's bond issuance, a capital market activity, facilitated by CK Legal, highlighting the legal and financial advisory roles in these markets.

Financials

  • PLN 100 million – The total amount of the bond issuance by Kruk, upscaled from an initial PLN 80 million due to strong demand.

Participants

NameRoleTypeDescription
KrukTarget CompanyCompanyKruk is a debt collection company operating in Poland and Central Europe.
CK Legal Chabasiewicz KowalskaLegal AdvisorCompanyCK Legal is a law firm that advised Kruk on its bond issuance.
Wojciech ChabasiewiczFounding Partner of CK LegalPersonWojciech Chabasiewicz is the Founding Partner at CK Legal, involved in advising Kruk.
Anita GwozdzHead of Capital Markets at CK LegalPersonAnita Gwozdz is the Head of Capital Markets at CK Legal, responsible for the bond issuance advisory.