NDI Finance: corporate bonds on Catalyst
NDI Finance has 2 bond series listed on Catalyst with an issue value of PLN 170m. Next maturity: NDI0327, PLN 70m, 25 March 2027.
Key figures
2025 annual report (ndi.pl) · as at 11 Nov 2026Not shown yet: cash, 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.
NDI Finance, based in Sopot, is a special purpose vehicle of the NDI Group. It has no business of its own and lends the proceeds of its bonds to group companies, mainly in property development. Its bonds on Catalyst are guaranteed by the parent company, Grupa NDI S.A., which combines general contracting with property development.
Financial results
PLN million, consolidated figures where the company publishes them; figures from the company’s reports. A dash (–) means the figure is not in our database.
| Item | 2024 | 2025 | 6M 2026 |
|---|---|---|---|
| Revenue | 4.79p | 8.33 | 8.89 |
| Operating profit (EBIT) | 99.2* | 8.26* | 30.5* |
| Net profit | 0.07p | 0.08 | 9.67* |
| Total assets | 70.8p | 70.0 | 173.3 |
| Equity | 0.17p | 0.25 | 5.05 |
| Total liabilities | 70.6p | 69.7 | 1,083.6* |
| Cash and cash equivalents | 0.05p | 0.09 | 421.1 |
* Figure matches the company document (annual report for 2025; half-year report for H1 2026) but has not yet been confirmed by a later report.
p Figure taken from the comparative column of a later company document (2024: annual report for 2025). The company may have restated the earlier period, for example after a change in accounting policies.
Sources: annual report for 2025, half-year report for H1 2026, annual report for 2025, half-year report for H1 2026.
Debt and repayment capacity
Debt ratios for this issuer are not yet available in our database.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| NDI0327 | 25 Mar 2027 | 8.34% | Floating (3M WIBOR) | +4.50 pp | Secured (mortgage) | 6.25% |
| NDI0929 | 10 Sep 2029 | 7.30% | Floating (3M WIBOR) | +3.50 pp | Guaranteed | 7.31% |
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 NDI Finance bonds
How many NDI Finance bond series are listed on Catalyst?
NDI Finance has 2 bond series listed on Catalyst with a total nominal value of PLN 170 million. Their maturity dates range from 25 March 2027 to 10 September 2029.
When does the next NDI Finance bond mature?
The next maturity is series NDI0327 on 25 March 2027 (nominal value PLN 70 million). The following one is NDI0929 (10 September 2029). An early redemption at the issuer’s request can change these dates.
How is the interest on NDI Finance bonds set?
All 2 series pay a floating rate: 3M WIBOR plus a margin of 3.50 to 4.50 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are NDI Finance bonds secured?
Security by number of series: secured (mortgage): 1, 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 NDI Finance are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.