Event

Rutkowski Group debuts on Catalyst with PLN 30 million bond issue

On 23 October, Rutkowski Group, a family-owned residential developer with a track record spanning more than 30 years, will join the ranks of bond issuers listed on Catalyst. This will mark the 16th debut on the market in 2026, bringing the total number of issuers present on Catalyst to 163. The admission of another residential property developer to Catalyst underscores the importance of the bond market in enabling companies to diversify their funding sources.

A total of 30,000 series B bonds issued by Rutkowski Group, each with a nominal value of PLN 1,000, will be admitted to trading on Catalyst. The aggregate nominal value of the issue is PLN 30 million. The bonds bear a floating interest rate equal to 3M WIBOR plus a margin of 5 percentage points. The bonds are due to mature on 17 April 2029.

“The debut of the series B bonds on Catalyst is consistent with our long-term growth strategy, one of the key elements of which is the diversification of funding sources and ensuring that the Group has access to capital enabling it to prepare and deliver further development projects. Our presence on the public market also means greater transparency for market participants and provides a foundation for further strengthening our investor relations. This debut is not only about the admission of our bonds to trading, but also represents another step in building the Group’s presence on the Polish capital market,” said Kamil Rutkowski, President of the Management Board of Rutkowski Group.

The proceeds from the bond issue are intended to finance the Company’s general corporate purposes. Michael/Ström Dom Maklerski acts as the Authorised Adviser in connection with the admission of the bonds to trading on Catalyst.

Rutkowski Group has operated in the residential property market for more than 30 years. The Company carries out development projects in eight cities: Gdańsk, Suwałki, Giżycko, Ełk, Białystok, Pisz, Augustów and Grajewo. By the end of 2025, approximately 5,000 residential units had completed. In 2025, the Company sold 354 apartments, compared with 265 a year earlier, representing a 34% year-on-year increase. The Group’s operations also include construction services.

“The capital market is about more than equities. Catalyst enables companies to raise funding through bond issues and diversify their sources of capital. The debut of Rutkowski Group, a company with more than 30 years of operating history, demonstrates that the bond market is also a viable solution for mature businesses seeking additional financing opportunities to support their further growth,” said Sławomir Panasiuk, Vice-President of the Management Board of the Warsaw Stock Exchange.

Catalyst, operated by the Warsaw Stock Exchange, is a trading platform for debt instruments, including corporate bonds. The market enables companies to diversify their funding sources by raising capital from investors, while providing public trading in debt instruments and access to information on listed bonds.