Decision on the bonds issue and terms of the Polish issue of KGHM Polska Miedź S.A.’s bonds

Monday, 24 June, 2019
24/2019

The Management Board of KGHM Polska Miedź S.A. (“Company”, “KGHM”) announces that as a result of the conclusion of the book building process on 24 June 2019 it adopted a resolution on the issuance of two series of bonds on the Polish market (“Bonds”) under the domestic bonds program, up to the maximum amount of PLN 4 000 000 000 and under the following terms:

  1. Total nominal value of both of the issued series of Bonds: PLN 2 000 000 000, including the A series with a maturity of 5 years: PLN 400 000 000 and the B series with a maturity of 10 years: PLN  1 600 000 000.
  2. Nominal value of one Bond: PLN 1 000.
  3. Issue price of one Bond: equal to the nominal value of a Bond.
  4. Issue date: 27 June 2019 (“Issue Date”).
  5. Bond redemption dates: 27 June 2024 (A series) and 27 June 2029 (B series).
  6. Bonds interest rates:
    a).  A series: variable, based on an interest rate consisting of WIBOR 6M and a margin of 1.18%,
    b).  B series: variable, based on an interest rate consisting of WIBOR 6M and a margin of 1.65%.
  7. Benefits from the Bonds will be only of a monetary nature.
  8. The Bonds will be unsecured ordinary bearer bonds.
  9. The Bonds will be issued pursuant to art. 33 sec. 2 of the Act on Bonds of 15 January 2015.
  10. The Bonds will be registered in the securities depository operated by KDPW (Krajowy Depozyt Papierów Wartościowych S.A., or the National Depository for Securities) and will be placed on the Catalyst market, in the Alternative Trading System, not later than 3 months from the issue date.
  11. The purpose of the issue, within the meaning of art. 32 sec. 1 of the Act on Bonds of 15 January 2015, was not defined.

See also the following regulatory filings: no. 16/2019 dated 9 May 2019, no. 19/2019 dated 27 May 2019 and 23/2019 dated 19 June 2019.

Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union dated 12 June 2014, no. L 173/1)

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