KRUK to launch PLN 60m bonds issue

On July 22nd 2022, KRUK published the Final Terms and Conditions of its Series AM4 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, with the total nominal value of the entire series of PLN 60m. The bonds will bear interest at a floating rate, based on 3M WIBOR plus a fixed margin of 3.30 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., Bank Polska Kasa Opieki S.A. - Biuro Maklerskie Pekao, Dom Maklerski BOŚ S.A., Noble Securities 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.

“We have offered bonds dedicated to retail investors for eight years now, releasing new prospectuses every year with the approval of the Polish financial regulator. It is a fourth time under the effective bond programme that we are launching an issue of KRUK’s five-year debt securities worth PLN 60m, bearing interest at 3.3% plus 3M WIBOR, to meet investor expectations. The subscription window for Series AM4 bonds will open on July 27th and close on August 10th 2022,” commented Piotr Krupa, CEO of KRUK S.A. “Our bond issuance activity is resonating with the pace of KRUK’s growth. The first half of this year saw a continued stream of strong recoveries, driven by a range of operational improvements across all markets. I am particularly pleased with the performance we delivered abroad, reflecting the already international presence of KRUK. At the same time, we are steadily working to advance our technologies and digitalise the operations. Many of our clients already interact with us via e-KRUK, and we increasingly rely on process automation and robotic solutions. The bond proceeds will contribute towards the KRUK Group’s growth funding,” concluded Piotr Krupa.

The offering of Series AM4 bonds 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 AM4 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 AM4 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 AM4 Bonds published on July 22nd 2022, 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 AM4 bonds will be accepted by the Investment Firm, i.e. Dom Maklerski BDM S.A., and members of the distribution syndicate.