On November 29th 2021, KRUK published the Final Terms and Conditions of its Series AM1 bonds. The bonds will be issued in a public offering under the Eighth 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 not exceed PLN 50m. The bonds will bear interest at a floating rate, based on 3M WIBOR plus a fixed margin of 3.4 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, Noble Securities S.A., Dom Maklerski BOŚ S.A., Michael / Ström Dom Maklerski S.A. and Ipopema Securities S.A. 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.
“The bond offerings carried out this year by KRUK have drawn strong interest from both retail and institutional investors. Therefore, seeking to meet this demand, we have decided to launch our fourth prospectus issue of debt securities in 2021. The retail offering will comprise bonds bearing interest at a floating rate based on 3M WIBOR plus a fixed margin of 3.4%, which can be subscribed for by investors between December 1st and December 14th 2021,” comments Piotr Krupa, CEO of KRUK S.A. “This year KRUK has posted both robust results and strong portfolio purchases. Seeing further investment opportunities on the market, we do not want to slow down the pace. We have excellent access to bank credit and to funding raised through the debt securities market. We want to invest the bond proceeds to drive further growth of KRUK’s business,” concludes Piotr Krupa.
The bond offering will be conducted on the basis of the Prospectus for KRUK’s Eighth Bond Programme, approved by the Polish Financial Supervision Authority on September 3rd 2021. On its basis, KRUK may issue bonds for one year from the approval date. The nominal value of the entire programme is PLN 700m. The Final Terms and Conditions of Series AM1 bonds are available on the Company’s website at https://pl.kruk.eu/relacje-inwestorskie/obligacje/emisje-obligacji, as well as on the website of Dom Maklerski BDM S.A. at www.bdm.pl.
The only legally binding documents containing information on the Issuer and the Public Offering of Series AM1 Bonds are the Base Prospectus for the Eighth Bond Programme, published on September 7th 2021, Supplements to the Base Prospectus and the Final Terms and Conditions of Series AM1 Bonds published on November 29th 2021, available on the Issuer’s website www.kruksa.pl and additionally, for information purposes, on the website of the Investment Firm at www.bdm.pl Subscription orders for Series AM1 Bonds will be accepted by the Investment Firm, i.e. Dom Maklerski BDM S.A., and members of the distribution syndicate.