Alembik Polska Bond Arrears and Series E Settlement Update

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Alembik Polska, under the leadership of Janusz Palikot, has not redeemed certain bonds. Industry coverage confirms this is not an isolated incident and reflects a pattern observed by market observers. The information appears on the industry portal obligacje.pl and is widely discussed within Polish bond circles. (attribution: obligacje.pl)

In a development described by the portal, a day after clearing arrears on Series D bonds, the company failed to repay Series E securities totaling PLN 1.97 million. There is public indication that Palikot’s team believes the outstanding bonds will be purchased before April 3, suggesting a strategic maneuver to settle the debt before the stated deadline. (attribution: obligacje.pl)

– informs the portal. The same reporting notes that the firm, even after addressing some past due amounts, continues to face liquidity challenges that complicate timely redemptions. (attribution: obligacje.pl)

Last Monday, Alembik Polska reportedly completed the repayment of delinquent payments on bonds due March 14. On the following Tuesday, however, the company did not settle another series, this time valued at PLN 1.97 million. Bondholders reportedly received only interest payments totaling PLN 44,000. Alembik defended that the principal would be due on April 3. (attribution: obligacje.pl)

– reading from the ongoing coverage.

Previous case

According to portal reporting, on March 14 Alembik Polska failed to redeem bonds valued at nearly PLN 4 million. This pattern aligns with earlier coverage describing a failure to repay PLN 3.93 million on March 14. The final portion of this sum, PLN 1.33 million, was reportedly settled by the company the following Monday. When questioned about whether the refunds were paid in cash, Alembik declined to provide a direct answer. Both bond issues were associated with Prosper Capital DM, and reports indicate that the firm temporarily faced regulatory scrutiny after KNF permissions to offer financial instruments were withdrawn. (attribution: obligacje.pl)

– informing readers of the ongoing situation.

Readers may also review discussions around the Palikot-linked accounting activities and questions about taxes related to Polmos shares as part of the broader market context. (attribution: obligacje.pl)

Summary notes and continued monitoring of the bond program illustrate how small-cap lenders and corporate issuers navigate liquidity gaps, asset-liability timing, and investor expectations in a market that prizes timely disclosures and consistent coupon payments. Observers emphasize the importance of clear communication with bondholders and maintaining adequate liquidity reserves to avoid mismatches between coupon obligations and available cash. (attribution: obligacje.pl)

In markets like Poland, these patterns matter for credit risk assessments, investor confidence, and the signaling effect on other issuers facing similar maturity ladders. Market participants often scrutinize the sequence of payments, the stated principal due dates, and any assurances about forthcoming settlements to gauge the durability of the issuer’s funding plan. (attribution: obligacje.pl)

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