Report No. 35/2024

18.06.2024 13:38
Admission to the trading on Luxembourg Stock Exchange of five years senior non preferred bonds with a total nominal value of EUR 500,000,000 issued under the EMTN Programme

Legal basis:

Paragraph 17 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:

The Management Board of PKO Bank Polski S.A. (“Bank”) hereby announces that on 18 June 2024  senior non preferred five years bonds issued under EMTN Programme have been admitted to the trading on Luxembourg Stock Exchange with the following parameters:

a) aggregate nominal amount: 500,000,000 EUR which is equal to PLN 2,173,400,000 according to average NBP exchange rate as of 18 June 2024,

b) coupon: (i) during the first four years since the issue date - fixed in the amount of 4.5% p.a., payable annually, (ii) during the fifth year – floating, based on 3M EURIBOR plus a margin of 1.55% p.a., payable quarterly,

c) issue date: 18 June 2024,

d) maturity date: 18 June 2029,

e) optional redemption date following call from issuer: 18 June 2028,

f) par value of one bond: EUR 100,000 which is equal to PLN 434,680 according to average NBP exchange rate as of 18 June 2024,

g) number of bonds admitted to trading: 5,000 bonds,

h) series: 3,

i) ISIN code: XS2842080488.

The admission to trading date and the date of the first listing is: 18 June 2024.

Rating agency Moody’s Investors Service assigned to the above-mentioned issue credit rating of Baa3.

The bonds are governed by English law with exception of the status of the bonds, waiver of set-off rights and the provision concerning acknowledgement of the decision of resolution authority concerning bail-in redemption or conversion of the bonds, which are governed by Polish law.