Cordia Polska Finance: corporate bonds on Catalyst
Cordia Polska Finance has 1 bond series listed on Catalyst with an issue value of PLN 120.4m. Next maturity: CPF1227, PLN 120.4m, 18 December 2027. Net debt / equity: 56.17× (2025 annual report).
Key figures
2025 annual report (cordiapolska.pl) · as at 11 Nov 2026Not shown yet: net debt / EBITDA. We only show figures verified against the company’s report, and these have not been confirmed yet.
Data on series and maturity dates come from GPW Catalyst. This page describes the company’s data and is not an investment recommendation.
Cordia Polska Finance is a special purpose vehicle of the Cordia residential development group: it raises money through bonds and lends it to Cordia Polska sp. z o.o. The issuer has no sales revenue, and its bonds on Catalyst are guaranteed by Cordia International SE, based in Budapest. The group builds homes in Hungary, Poland, Romania, Spain and the United Kingdom.
Financial results
PLN million, standalone figures; figures from the company’s reports. A dash (–) means the figure is not in our database.
| Item | 2023 | 2024 | 2025 | 6M 2026 |
|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | – |
| Operating profit (EBIT) | −0.10 | −0.14 | −0.09 | −0.04* |
| Net profit | 0.34 | −0.23 | 0.36 | 0.20 |
| Total assets | 74.3 | 121.2 | 122.0 | 122.8 |
| Equity | 2.00 | 1.77 | 2.13 | 2.33 |
| Total liabilities | 72.3 | 119.4 | 119.9 | 120.5 |
| Cash and cash equivalents | 2.25 | 0.09 | 0.01 | 0.06 |
* Figure matches the company document (half-year report for H1 2026) but has not yet been confirmed by a later report.
Sources: company data (cordiapolska.pl), annual report for 2024, annual report for 2025, half-year report for H1 2026.
Debt and repayment capacity
Ratios based on annual reports (standalone), using only figures verified against the company’s filings. A dash (–) means the figure is not available; a negative interest cover means an operating loss.
| Ratio | 2023 | 2024 | 2025 |
|---|---|---|---|
| Interest cover (how many times operating profit covers interest expense) | – | −0.01× (EBITDA) | −0.01× (EBITDA) |
| Net debt / equity (net debt relative to shareholders’ equity) | – | 67.31× | 56.17× |
| Equity / total assets (share of assets financed by equity) | 2.7% | 1.5% | 1.7% |
Sources: 2023 annual report, 2023 annual report (2), 2024 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| CPF1227 | 18 Dec 2027 | 8.43% | Floating (6M WIBOR) | +4.50 pp | Guaranteed | 6.51% |
Series codes link to the series pages in Polish. Yield to maturity is calculated by the Polish brokerage DM BDM, before tax and commissions; for floating-rate bonds it assumes the reference rate (WIBOR or EURIBOR) stays at its current level. “No quote” means no recent price.
Questions about Cordia Polska Finance bonds
How many Cordia Polska Finance bond series are listed on Catalyst?
Cordia Polska Finance has one bond series listed on Catalyst, with a nominal value of PLN 120 million. It matures on 18 December 2027.
When does the next Cordia Polska Finance bond mature?
The next maturity is series CPF1227 on 18 December 2027 (nominal value PLN 120.4 million). An early redemption at the issuer’s request can change these dates.
How is the interest on Cordia Polska Finance bonds set?
The series pays a floating rate: 6M WIBOR plus a margin of 4.50 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Cordia Polska Finance bonds secured?
Security by number of series: guaranteed: 1. Secured or guaranteed series give bondholders an additional source of repayment if the issuer cannot pay.
Source: our database of Catalyst series, terms and conditions of the bonds and company announcements.
Our full analysis, financial results and news on Cordia Polska Finance are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.