Report No. 32/2024

06.06.2024 13:16
Cost of the 5 years senior non preferred notes issue

Legal basis:

Paragraph 16 of the Regulation of the Minister of Finance on 29 March 2018 on the current and periodic information published by issuers of securities and the conditions for considering as equivalent the information required by law of a non-member state


the Report:

With regard to the report No. 15/2024, the Management Board of PKO Bank Polski S.A. (“Bank”) informs as follows:

1. The total costs which were included in the issuance costs of 5 years senior non preferred notes divided into the following categories:

a) costs of preparing and conducting the offer: PLN 637,001.40,

b) costs of remuneration of underwriters: N/A,

c) costs of promotion: N/A,

d) costs of prospectus and supplement preparation including advisory costs: PLN 46,282.81

Total expenses mentioned above paid for subscriptions of bonds amounted to PLN 683,284.21 gross (VAT included).

2. Cost recognition in the accounting records and financial statement of the issuer is as follows:

Expenses related to the work of preparing and conducting the offer and expenses incurred for legal advice are deferred respectively at the effective interest rate into interest income over the expected life of the life of the bond issued (part of the costs in letter a and the costs mentioned in letter d) or linearly into commission income (part of the costs mentioned in letter a).

3. The average cost of subscription per one subscribed bond: PLN 341.64.