Intent to issue bonds on the Polish market

Thursday, 09 May, 2019
16/2019

The Management Board of KGHM Polska Miedź S.A. (“KGHM”) announces that it intends to establish a bond issue program, which foresees the first emission of unsecured bonds up to the amount of PLN 2 000 000 000 in the second quarter of 2019.

The bonds may be issued in one or several series. The bonds will be offered exclusively in Poland. The bonds will be issued pursuant to art. 33 point 2) of the Act on Bonds of 15 January 2015, and offers to purchase the bonds will be sent to no more than 149 individually identified addressees. 

Detailed terms of the program and the final size of the issue will be set at a later date, taking into account, among others, the results of the book building process among the investors and conditions on the Polish bond market.

The planned bond issue realises the Strategy of KGHM Polska Miedź S.A. for the years 2019 – 2023 with respect to ensuring long-term financial stability by, among others, basing KGHM’s financing structure on long-term instruments.

Information on the realisation of KGHM’s intentions as to the bonds issue will be published in separate regulatory filings.

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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