Transaction

DCM
06/2026

Trigon acted as Arranger and Dealer in PLAY’s largest bond issuance to date, with a total value of PLN 1.25bn.

Key takeaways

Client
Our role
Arranger and Dealer
Year
2026
Deal type
DCM
Wartość transakcji

Transaction description

Trigon acted as organizer and dealer for the PLAY bond issuance, totaling PLN 1.25 billion. This was the largest bond issuance in the company's history, the second involving Trigon, and the first in which Trigon played an active role as organizer and dealer. The transaction comprised two unsecured tranches: PLN 750 million of 4.5-year ordinary bonds and PLN 500 million of 7-year green bonds. Both tranches were issued at record-low margin levels for PLAY. The issuance attracted very strong investor interest, particularly from banks, investment funds, pension funds, and insurance companies. The two-tranche structure of the transaction allowed the company to effectively leverage investor demand and secure very favorable financing terms. The transaction confirms the importance of the corporate bond market as a source of financing for large, credible issuers and strengthens Trigon's position in executing complex debt transactions in the domestic market.

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