The value of non-Treasury debt listed on The Warsaw Stock Exchamnge’s Catalyst debt market reached PLN81.8 billion at the end of Q4 2016, the markets highest ever value, according to a new Grant Thornton report.
In addition, the report reveals that during the whole of 2016, the value of instruments listed on Catalyst did not fall quarter on quarter for the first time in three years.
Grant Thornton’s fifth analysis of Catalyst, which opened in September 2009, suggests that it is more than a trading venue for Treasury debt, and that the growing segment of corporate bonds still represents an attractive alternative to bank debt and the equity market.
The number of debt instruments listed on Catalyst also increased in 2016. Excluding Treasury bonds, the number of other instruments was 525 series at the year’s end, 29 more year on year.
“Last year was good for Catalyst. For nearly eight years now, since Catalyst was launched in September 2009, we have made best efforts to ensure that the market serves companies, allowing them to finance their growth with bonds, as well as investors, who are increasingly keen to invest in debt,” says Jacek Fotek, (pictured), Vice-President of the Warsaw Stock Exchange. “The market becomes increasingly popular and new issuers entered the market in 2016. Moreover, issuers who are well-established on the market have placed new series of debt. For them, Catalyst represents a reliable and effective source of capital.”
