KRUK allots bonds with 71% order reduction and opens subscriptions for additional series of EUR bonds

KRUK has allotted EUR 5m worth of series AO3EUR EUR bonds with a 71% order reduction. This was KRUK’s first-ever prospectus-based offering to retail investors in euro. The total value of subscriptions placed by investors amounted to EUR 17.3m. Due to extremely high interest, subscriptions for additional AO4EUR series bonds offered by KRUK have begun today. The subscription period is December 12th – December 15th 2023. The bonds are being issued in a public offering under the Tenth Bond Programme at the issue price equal to their nominal value. The Final Terms and Conditions of Series AO4EUR bonds were announced by the Company on December 11th. The issue price per bond is EUR 100, and the total nominal value of the entire series is EUR 5m. The bonds bear interest at a floating rate, based on 3M EURIBOR plus a fixed margin of 4.0 percentage points per annum. The offering will be carried out by a distribution syndicate comprising: Dom Maklerski BDM S.A., Michael / Ström Dom Maklerski S.A., Bank Polska Kasa Opieki S.A. – Biuro Maklerskie Pekao, and Dom Inwestycyjny Xelion sp. z o.o. The bonds will exist in book-entry form and the Company will apply for their admission to trading on the Catalyst regulated market operated by the Warsaw Stock Exchange.

“Interest in our Euro bonds in the Polish market exceeded our expectations. Considering KRUK’s business needs in the coming quarters and in order to meet the unsatisfied demand from investors, we have decided to issue another series of bonds, also with a nominal value of EUR 5m. The subscription period for the bonds starts today and ends on December 15th,” said Piotr Krupa, CEO of KRUK S.A. “This year marks a big leap forward for us in terms of technological transformation and operational and investment excellence. We are capitalising on our competitive advantage and investing in Europe’s largest NPL markets, cementing our leadership position. I think investors appreciate KRUK’s accomplishments and consistency in pursuing its growth strategy. With good access to financing and investor confidence, KRUK is able to operationalize this strategy.

The offering of Series AO4EUR bonds is conducted on the basis of the Prospectus for KRUK’s Tenth Bond Programme, approved by the Polish Financial Supervision Authority on July 11th 2023. Under the Prospectus, KRUK may issue bonds with a total nominal value of up to PLN 700m until July 2024. The Final Terms and Conditions of Series AO4EUR bonds are available on the Company’s website at https://go.kruk.eu/OWE_AO4EUR.

This document has been prepared for promotional (advertising) purposes only and is not a securities note or communication of sufficient information on the terms of purchase or subscription for any securities enabling an investor to decide whether to purchase or subscribe for such securities, nor does it constitute or form part of, and should not be construed as, an offer to purchase or subscribe for, or solicitation of an offer to purchase or subscribe for, any securities. The only legally binding documents containing information on the Issuer and the Public Offering of Series AO4EUR Bonds are the Base Prospectus for the Tenth Bond Programme, published on July 12th 2023 (the “Prospectus”), including supplements and updates to the  Prospectus, and the Final Terms and Conditions of Series AO4EUR Bonds, published on December 11th 2023 (the “Terms and Conditions”) The Prospectus is available on the Issuer’s website at: https://go.kruk.eu/peo_x. The Terms and Conditions can be accessed on the Issuer’s website at: https://go.kruk.eu/OWE_AO4EUR  In addition, the Prospectus and the Terms and Conditions are also available, for information purposes, on the website of the Investment Firm at: www.bdm.pl.

The Polish Financial Supervision Authority’s approval of the Prospectus should not be understood as its endorsement of Series AO4EUR Bonds. Prior to making any investment decision, prospective Investors should read the Prospectus in order to fully understand the potential risks and rewards of investing in Series AO4EUR Bonds. Please be advised that the Bonds are not bank deposits (placements) and are not covered by the deposit guarantee scheme.  Subscription orders for Series AO4EUR bonds will be received by the Investment Firm, i.e., Dom Maklerski BDM S.A., and by members of the distribution syndicate.

The Bonds will be offered exclusively in Poland.

This communication and its contents are not intended for direct or indirect distribution in, or to residents of, the United States of America, United Kingdom, Australia, Canada or Japan, or any country where its publication, announcement or distribution would be illegal.