Decision of the Management Board of the Company on the issuance of bonds and detailed terms of the issuance

Report number

In reference to regulatory filing no. 27/2024, the Management Board of KGHM Polska Miedź S.A. (“Company”) announces that on the basis of results of the book building process, concluded on 14 June 2024, it adopted a resolution on the issuance of C series bonds (“Bonds”) on the Polish market under the bonds issuance program, up to the maximum amount of PLN 4 000 000 000 and under the following terms:

  1. Total nominal value of the issued Bonds: PLN 1 000 000 000.
  2. Nominal value of one Bond: PLN 1 000.
  3. Issuance price of one Bond: equal to the nominal value of a bond.
  4. Issuance date: 26 June 2024.
  5. Bond redemption date: 26 June 2031.
  6. Bonds interest rate: WIBOR 6M + a Margin of 125 p.b. p.a.
  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 point 1) in connection with art. 34 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 by 31 August 2024.
  11. The purpose of the issuance, within the meaning of art. 32 sec. 1 of the Act on Bonds of 15 January 2015, was not defined.

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)

Regulatory filings