KRUK launches bond offer under its 10th milestone prospectus

On July 20th 2023, KRUK published the Final Terms and Conditions of its Series AO1 bonds. The bonds will be issued in a public offering under the Tenth Bond Programme at the issue price equal to their nominal value. The issue price will be PLN 100 per bond, and the total nominal value of the entire series will be PLN 75m. 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.

‘This year marks a significant milestone as we celebrate the 25th anniversary of KRUK and our 10th year of issuing prospectus-based bonds. Just a few days ago, we received approval from the Polish Financial Supervision Authority for our tenth bond prospectus allowing us to once again offer debt securities to a broad spectrum of retail investors for the next 12 months. To date, KRUK has successfully issued a total of PLN bn in bonds under its prospectus-based programmes, out of which PLN 0.4bn has already been redeemed. Due to the strong interest in KRUK’s bonds and the promising investment potential in the markets where we operate, we are poised to further increase our activity in the prospectus-based bond market in Poland. Today, we are offering Series AO1 bonds worth PLN 75m. The interest rate on the bonds will be determined by the variable 3M WIBOR rate, along with a fixed margin of 4%. Subscriptions will be open for two weeks, from July 24th to August 7th, and will be managed by the same distribution syndicate as in the previous issue,’ notes Piotr Krupa, KRUK CEO. ‘We are strategically placing significant emphasis on international expansion through further investments in Italy, Spain and other markets, while solidifying our leadership position in Poland. We are also continuing the process of technological transformation. Our results position KRUK among the world's leading companies in its industry, but we are not resting on our laurels, setting ambitious goals for the coming years. We firmly believe that the support of our investors will contribute to KRUK’s continued growth and help us build an even stronger presence in the international market.’

The offering of Series AO1 bonds will be 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 AO1 bonds are available on the Company’s website at https://pl.kruk.eu/relacje-inwestorskie/obligacje/emisje-obligacji.