Report No. 17/2024 – Four years senior non preferred bonds with a total nominal value of EUR 500,000,000 issued under the EMTN Programme

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:

The Management Board of PKO Bank Polski S.A. (“Bank”) hereby announces that on 20 March  2024 it closed the subscription for four years senior non preferred notes with a total nominal value of EUR 500,000,000.

The issuance of notes is carried out under EMTN Programme according to the Base Prospectus accepted by the Commission de Surveillance du Secteur Financier on 15 March 2024.

Taking into consideration the intention to introduce the bonds to the listing on the regulated markets in Luxembourg and in Warsaw, the Management Board of the Bank informs as follows:

1. Subscription opening date: 20 March 2024;
2. Subscription closing date: 20 March 2024;
3. Bonds allocation date: 20 March 2024;
4. The number of bonds covered by the subscription: 5,000 bonds;
5. Reduction rate in specific tranches, if at least in one of the tranches the number of allocated bonds was lower than the number of subscribed bonds: the bonds are to be issued in one tranche with the reduction rate of: 61.36%;
6. The number of bonds subscribed: 12,940 bonds;
7. The number of bonds which we allocated within the subscription: 5,000 bonds;
8. The price of acquisition of the bonds: 99.737% par value;
9. The margin determining the interest rate for the bonds was set at: 160 bps;
10. Notes were issued with four years tenor with an option for a call after three years since issuance (4NC3);
11. The number of persons which subscribed the bonds in specific tranches: 138 persons;
12. The number of persons to whom the bonds were allocated within the subscription in specific tranches: 98 persons;
13. The name of underwriters who acquired the bonds under underwriting agreement: not applicable;
14. The aggregate nominal amount of subscription, i.e. the product of number of bonds under the offering and the issue price: EUR 498,685,000 is equal to PLN 2,156,413,677 according to average NBP exchange rate as of 20 March 2024;
15. The total costs which were included in the issuance costs: the Bank will disclose such information in an updated current report after it has received and accepted all the invoices connected with the issuance;
16. The average cost of subscription per one subscribed bond: the Bank will disclose such information in an updated current report after it has received and accepted all the invoices connected with the issuance;
17. The way of payment for bonds to be acquired: the payment will be made to the Bank's account.