The programme of the issue of bonds of PKO Bank Polski SA (the "Bank") of up to PLN 5,000,000,000 to be used for the general purposes of financing the Bank (the "Programme"), is conducted on the following terms:

• amount of the Programme: PLN 5,000,000,000 or the equivalent in other currencies;
• currencies of the Programme: PLN, EUR, USD and CHF;
• maturity of individual tranches issued under the Programme: between seven days and ten years;
• proceeds from the issue will be used for the general purposes of financing the Bank;
• interest: the bonds issued under the Programme will bear interest at a fixed or variable rate; short-term bonds issued under the Programme will be discount (zero coupon) bonds;
• interest periods: between seven days and one year;
• nominal value of one bond will not be lower than PLN 10,000 or the equivalent thereof in other currencies;
• types of issue: senior issues, public issues, private placement;
• term of the programme: indefinite.

The Bank's management board advised about the adoption of a resolution regarding the granting of consent for the commencement of the Programme in current report No. 32/2011 dated 21 June 2011.

Under the Programme the Bank issued series OSNP0229 bonds on the following terms:

• amount of the issue: PLN 1,000,000,000;
• currency of the issue: PLN;
• date of issue: 28 February 2024;
• maturity: 28 February 2029, with the option to redeem the bonds by the issuer on 28 February 2028 and on 28 August 2028;
• interest: variable rate of WIBOR 6M+ increased by a margin of 159 bps p.a.;
• interest periods: six months;
• nominal value of one bond: PLN 50,000;
• type of issue: non-public issue; KDPW settlement.
• ISIN code: PLO046700012

Detailed information about the Issue was presented by the report No. 15/2024.

 

Under the Programme the Bank issued subordinated capital series OP1034 bonds on the following terms:

• amount of the issue: PLN 1,500,000,000;
• currency of the issue: PLN;
• date of issue: 16 October 2024;
• maturity: 16 October 2034, with the option to redeem the bonds by the issuer on 16 October 2029, 16 October 2030, 16 October 2031, 16 October 2032 and on 16 October 2033;  as well as on 7 January 2025 in the event that no approval is received from the PFSA to count the issue proceeds as Tier 2 capital;
• interest: variable rate of WIBOR 6M+ increased by a margin of 220 p.b. p.a.;
• interest periods: six months;
• nominal value of one bond: PLN 50,000;
• type of issue: non-public issue; KDPW settlement.

Detailed information about the Issue was presented by the report No. 52/2024.