KRUK to issue PLN 70m of bonds for retail investors

On May 20th 2021, KRUK published the Final Terms and Conditions of its Series AK3 bonds. The bonds will be distributed via a public offering at an issue price equal to their nominal value of PLN 100 per bond, with the aggregate nominal value not to exceed PLN 70m. The bonds will bear interest at a fixed rate of 4.0 percentage points per annum. The offering will be carried out by an expanded distribution consortium comprising: Dom Maklerski BDM, Noble Securities, Michael / Ström Dom Maklerski, Dom Maklerski BOŚ, Ipopema Securities and Bank Polska Kasa Opieki S.A. – Biuro Maklerskie Pekao (the new consortium member). 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 our second bond issue this year. The previous one, through which we raised PLN 20m in February 2021, attracted huge interest from investors and over PLN 110m in subscription orders. This time, too, we are counting on strong investor activity. Business-wise, the purchases we made in the first quarter of this year were above the targets and so our decision to launch another PLN 70m of bonds has been prompted, among other things, by the emerging potential we can see for further investments. The subscription period for Series AK3 bonds bearing interest at a fixed rate of 4.0% per year will run from May 24th and until June 8th 2021,” comments Piotr Krupa, CEO of KRUK S.A. “Let me also add that the distribution consortium has been joined by Biuro Maklerskie Pekao S.A., which is another piece of good news for our investors. I personally appreciate the fact that such a large and experienced Polish bank will be engaged in offering KRUK’s bonds issued under the prospectus regime. We are building a strong position both within our industry and in the financial market,” says Piotr Krupa.

The bond offering will be conducted on the basis of the Prospectus for KRUK’s Seventh Bond Programme, approved by the Polish Financial Supervision Authority on August 24th 2020. 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 AK3 bonds have been published on the Company’s website at www.kruksa.pl in the Bonds section, 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 AK3 Bonds are the Base Prospectus for the Seventh Bond Programme, published on August 25th 2020, Supplements to the Base Prospectus and the Final Terms and Conditions of Series AK3 Bonds published on May 20th 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 AK3 Bonds will be accepted by the Investment Firm, i.e. Dom Maklerski BDM S.A., and members of the distribution consortium.