Allegro’s major bond issuance debut was a success: PLN 1 billion secured at favourable terms

03.07.2025

Allegro, the leading e-commerce platform in Eastern Europe, proudly announces the successful completion of its debut bond issuance. The PLN 1 billion issuance met with an exceptionally strong market reception, underscoring robust investor confidence in the company's position and future prospects.

The success of our first bond issuance went beyond our expectations. Such bonds are an effective and flexible tool for raising capital today. We welcome our new bond investors into our valued group of partners. This enables us to diversify Allegro’s long-term sources of funding and maximise our financial flexibility. Especially that the market's overwhelmingly positive reception allowed us to secure financing on very favourable terms, which serves as proof of investor confidence in our business model and its prospects.”

Jon Eastick, Allegro CFO

Overwhelming demand resulted in favourable conditions

Demand for Allegro's bonds exceeded initial expectations by more than five times, with the initial plan set at PLN 500 million. Total investor demand reached over PLN 2.7 billion, demonstrating very strong investor confidence in our company's stability and growth strategy.

The issuance was priced at a highly competitive 130 basis points above WIBOR6M. This is a significantly better outcome compared to recent transactions of similar magnitude by other large Polish companies, which were priced 20-70 basis points higher. For Allegro, this translates to annual interest cost savings of several million zlotys for the next five years compared to other such issuances.

Attracting new investors

This successful debut also enabled Allegro to attract 28 new investors, including some of the largest pension funds, mutual funds, insurers, and banks. Expanding our investor base further strengthens our financial stability and opens new opportunities for future growth.

The No.1 shopping platform in Poland and the largest Polish bank are a guarantee of success. High demand for Allegro bonds translated into one of the best results this year achieved by a corporate issuer outside the financial sector."

Ilona Wołyniec, Director of Strategic Client Relations and Project Finance Division at PKO Bank Polski, which was a co-organizer and agent of the issuance

Allegro is consistently building its position as a leader in the region, and the successful debut bond issue is an important element of the long-term development strategy and further strengthening of the market advantage. Corporate bonds are gaining importance as an key element of the financial management strategy in the largest companies, enabling flexible capital acquisition, among others, for the development of new investment projects. Such instruments allow not only for diversification of financing sources, but also for effective refinancing of existing debt.