On January 20th 2022, KRUK published the Final Terms and Conditions of its Series AM2 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 be PLN 50m. 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 are now inviting subscription orders for this year’s first prospectus-based issue of debt securities for retail investors. The latest one, closed in December 2021, generated record high interest and we had to apply a 79% reduction rate to the volumes subscribed by investors. The currently offered Series AM2 bonds will be available for subscription between January 24th and February 4th 2022,”comments Piotr Krupa, CEO of KRUK S.A. “We are also active on the market of bonds for institutional investors, having made a decision to launch this year’s first issue under the programme without a prospectus, as announced in a current report on January 21st 2022. Last year, both our recoveries and investments were at record high levels. The beginning of this year has been intensive and we are keen to maintain the momentum. Proceeds raised from bond issues, and additionally from bank sources, will help us deliver our plans,” concludes Piotr Krupa.
The offering of Series AM2 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 AM2 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 AM2 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 AM2 Bonds published on January 20th 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 AM2 bonds will be accepted by the Investment Firm, i.e. Dom Maklerski BDM S.A., and members of the distribution syndicate.