KRUK allots EUR-denominated bonds with order reduction of 30% and launches subscription for PLN-denominated bonds

KRUK allots EUR-denominated bonds with order reduction of 30% and launches subscription for PLN-denominated bonds

On 12 February 2024, KRUK allotted EUR 14m worth of Series AO6EUR bonds. The subscriptions totalled EUR 19.9m, entailing a 29.72% reduction of subscription orders. Friday, 9 February 2024, saw the launch of subscription for Series AO7 retail bonds denominated in PLN, which will last until 22 February 2024. 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 AO7 Bonds were announced by the Company on 7 February 2024. The issue price per bond is PLN 100, and the total nominal value of the entire Series is PLN 70m. The bonds will bear interest at a floating rate, based on 3M WIBOR 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., Powszechna Kasa Oszczędności Bank Polski S.A. – Biuro Maklerskie, Michael / Ström Dom Maklerski S.A., Dom Maklerski BOŚ S.A., Noble Securities S.A., Ipopema Securities 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 bonds remains strong, and the Group’s investment opportunities validate KRUK’s periodic bond issuance. In our third offering intended for retail investors this year, we are returning to the Polish currency and aim to raise PLN 70m from the issue of Series AO7 bonds. Subscriptions for the AO7 Series started on 9 February and will last up to and including 22 February 2024,” comments Piotr Krupa, CEO of KRUK S.A. “We are diligently engaged in portfolio investment, operational excellence, and technological transformation. Our momentum is unwavering as we are expanding internationally into four major European markets and the financing we secure facilitates this expansion.”

The offering of Series AO7 bonds is conducted on the basis of the Prospectus for KRUK’s Tenth Bond Programme, approved by the Polish Financial Supervision Authority on 11 July 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 AO7 bonds are available on the Company’s website at https://go.kruk.eu/OWE_AO7.

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 AO7 Bonds are the Base Prospectus for the Tenth Bond Programme, published on 12 July 2023 (the “Prospectus”), including supplements and updates to the Prospectus, and the Final Terms and Conditions of Series AO7 Bonds, published on 7 February 2024 (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_AO7 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 AO7 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 AO7 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 AO7 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.


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