Echo Investment heads buy bonds

by   CIJ News iDesk II
2020-03-31   09:51
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Nicklas Lindberg, CEO of Echo Investment, and Maciej Drozd, the company’s CFO, bought 1,400 of the company’s bonds on the secondary market. “We believe in Echo Investment and its development prospects. In 2019, Echo Investment Group generated a net profit of PLN 300m. The company enjoys a high cash position and a low net asset-to-debt ratio, which as of December 31, 2019 was at 34 percent. It is a good starting point for future development and further strengthening of the group,” said Drozd. Echo Investment has been issuing bonds for individual investors since 2014. So far, PLN 634m worth of securities for individual investors have been issued, of which PLN 434m is still traded on the stock exchange, and the other PLN 200m have been redeemed.