On February 1st 2023, KRUK published the Final Terms and Conditions of its Series AN3 bonds. The bonds will be issued in a public offering under the Ninth 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 50m. 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., Noble Securities S.A., Ipopema Securities S.A. 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 is the first offering this year and the third offering overall to be made under the Ninth Bond Programme intended for retail investors. The last two issues attracted strong investor interest and confidence, which resulted in oversubscription. Seeking to meet our bondholders’ expectations and our investment plans, we have decided to offer PLN 50m worth of bonds. We keep the other terms, including pricing terms, unchanged, with the margin at 4% plus 3M WIBOR. Subscription orders for the securities can be placed from February 6th until February 17th, including that date,’ explained Piotr Krupa, KRUK CEO. ‘We are constantly working to grow the KRUK Group internationally, refining its operational and technological processes. The issue proceeds will contribute to building an even stronger KRUK.
The offering of Series AN3 bonds will be conducted on the basis of the Prospectus for KRUK’s Ninth Bond Programme, approved by the Polish Financial Supervision Authority on August 23rd 2022. Under the Prospectus, KRUK may issue bonds with a total nominal value of up to PLN 700m until August 2023. The Final Terms and Conditions of Series AN3 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 AN3 Bonds are the Base Prospectus for the Ninth Bond Programme, published on August 25th 2022, Supplements to the Base Prospectus and the Final Terms and Conditions of Series AN3 Bonds published on February 1st 2023, available on the Issuer’s website at www.kruksa.pl and additionally, for information purposes, on the website of the Investment Firm at www.bdm.pl. Subscription orders for Series AN3 Bonds will be received by the Investment Firm, i.e. Dom Maklerski BDM S.A., and members of the distribution syndicate.