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Issuance of series D1 subordinated bonds

13 Nov 2019 16:08

RNS Number : 3277T
Bank Pekao S.A.
13 November 2019
 

UNOFFICIAL TRANSLATION

 

13.11.2019 - Report 30/2019: Resolution of Bank Polska Kasa Opieki Spółka Akcyjna Management Board on issuance of series D1 subordinated bonds

With reference to the Current Report No. 29/2019 of 6th November 2019 regarding the consent to the issue of subordinated bonds of Bank Polska Kasa Opieki S.A. ("Bank"), the Bank hereby informs that after completion of the book-building process, the Bank's Management Board adopted resolution regarding the issue of series D1 subordinated bonds of the Bank. The total nominal value of series D1 subordinated bonds to be issued is PLN 400,000,000 (in words: four hundred million zlotys). After obtaining the approval of the Polish Financial Supervision Authority, the series D1 subordinated bonds will be classified as Tier 2 instruments.

The main conditions for the issue of the series D1 subordinated bonds of the Bank are as follows:

1. Type of bonds to be issued: bearer bonds; the bonds will not have a documentary form and will be registered on the issue date in the deposit of securities maintained by the National Depository for Securities S.A. (Krajowy Depozyt Papierów Wartościowych S.A.);

2. Total number of bonds to be issued: 800 (in words: eight hundred);

3. The nominal value of one bond: PLN 500,000 (in words: five hundred thousand zlotys);

4. The total nominal value of bonds to be issued: PLN 400,000,000 (in words: four hundred million zlotys);

5. Interest rate: floating, based on the benchmark of WIBOR for six months deposits (WIBOR 6M) plus a margin of 1.70 percentage points;

6. Early redemption date: the Bank is entitled to an early redemption on 4th June 2026 or in other cases indicated in the terms and conditions for the issue of the bonds, subject to the approval of the Polish Financial Supervision Authority, if such an approval will be required;

7. Issue price: equal to the nominal value;

8. Currency: Polish zloty;

9. Issue date: 4th June 2019;

10. Maturity date: 4th June 2031, subject to the possibility of their early redemption on the terms described in point 6;

11. Trading: bonds to be traded on the alternative trading system of debt financial instruments - the Catalyst market maintained by the BondSpot S.A. or Warsaw Stock Exchange S.A. (Giełda Papierów Wartościowych w Warszawie S.A.);

12. Purpose of the issue: the purpose of the issue, within the meaning of Article 32 Section 1 of the Act of 15th January 2015 on bonds, has not been specified.

The Bank aims to assimilate the series D1 bonds with the series D bonds issued by the Bank on 4th June 2019.

Legal basis: Article 17 (1) of MAR - confidential information

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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