Report No. 71/2015
Legal basis:
Paragraph 5.1.3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for concerning information required by the law of a non-member state as equivalent (“the Regulation”).
Content of the report:
Management Board of PKO Bank Polski S.A. ("Bank") hereby informs that on 24 November 2015, the Bank concluded with one of the Bank’s customers (“Customer” or “Issuer”) a guarantee agreement (“Agreement”) with a share of PLN 1,950,000,000 (in words: one billion nine hundred fifty thousand million PLN), under which the Bank is obliged to acquire the Customer’s bonds issue up to the guaranteed amount.
The final date of redemption of the bonds issued and acquired under the Agreement will fall not later than on 31 December 2020. Interest on the financing under the Agreement will be based on WIBOR plus the Bank's margin.
The receivable for the acquired bonds shall not be collateralised.
The total value of exposure of the Bank under the loan agreements concluded by the Bank with the Customer and entities affiliated with the Customer in the last 12 months is PLN 3,021,391,000 (in words: three billion twenty one million three hundred ninety one thousand PLN).
Entering into the Agreement causes fulfilment of the condition obliging to notify about concluding by the Bank of the material agreement, as the total value of benefits resulting from the agreements concluded by the Bank with the Customer and entities affiliated with the Customer meets the criteria referred to in § 2.1.44 in connection with § 2.2 of the Regulation.
The Agreement referred to in this current report is of the highest value among the agreements concluded with the Customer and entities affiliated with the Customer within 12 months preceding conclusion of the Agreement.
Contact for Investors
Dariusz Choryło
Director of Investor Relations
dariusz.chorylo@pkobp.pl
Investor Relations Department
ir@pkobp.pl