Bonds

On October 3, 2019, bonds series A and B issued by KGHM Polska Miedź S.A. debuted in the alternative trading system Catalyst.

Bond Issuance Program

Bonds were issued under the bond issuance program in the amount PLN 4 000 000 000 based on an issue agreement entered into on 27 May 2019 between KGHM Polska Miedź S.A. and the following banks: Bank Handlowy w Warszawie S.A., Bank Polska Kasa Opieki S.A., Powszechna Kasa Oszczędności Bank Polski S.A. and Santander Bank Polska S.A. („Bond Issuance Program”). Under the Bond Issuance Program, bonds of series A and B were issued.

The issue was a private placement, restricted to investors in the Republic of Poland.

Issuer's nameKGHM Polska Miedź S.A.
Catalyst marketsGPW ATS, BS ATS1)
Type of instrumentBearer bonds series A and B
Issue valuePLN 2 000 000 000
Type of offerprivate placement/non-public
Coupon
  Series A bonds:
  Series B bonds:
  WIBOR6M plus a margin of 1.18%
WIBOR6M plus a margin of 1.65%
Securitynone

1) GPW Alternative Trading System (or ASO GPW), BondSpot Alternative Trading System (or BS ASO)

Details regarding the issued bonds

 Series A bondsSeries B bonds
Date of allocation27 June 201927 June 2019
Number of bonds offered400 0001 600 000
Number of bonds allocated400 0001 600 000
Nominal valuePLN 1 000PLN 1 000
Issue valuePLN 1 000PLN 1 000
Total issue valuePLN 400 000 000PLN 1 600 000 000
CouponWIBOR6M plus an annual margin of 1.18%WIBOR6M plus an annual margin of 1.65%
Precedencenonenone
Financial covenantsnonenone
Maturity27 June 202427 June 2029
The purpose of the issuenot statednot stated
Documents (in Polish only)Information Note Series A
Interest table (1st period)
Interest table (2nd period)
Interest table (3rd period)
Interest table (4th period)
Interest table (5th period)

Information Note Series B
Interest table (1st period)
Interest table (2nd period)
Interest table (3rd period)
Interest table (4th period)
Interest table (5th period)

Debut on Catalyst3 October 20193 October 2019
ATS codesKGH0624KGH0629

Bonds quotes

Information on the listing of bonds in the ATS, including a yield calculator, is available on the Catalyst website, in particular:

 

Senior notes of KGHM INTERNATIONAL Ltd.

On 15 June 2015 the 7.75% Senior Notes issued by Quadra Mining Ltd. (now KGHM INTERNATIONAL LTD.) in a private placement in 2011 in the principal amount of $500m were redeemed in full. KGHM INTERNATIONAL LTD. has exercised the option for early redemption of the Senior Notes in whole at their nominal price plus a premium of 3.875%.

Further information on the redemption of the senior notes was provided in regulatory filing numbers 19/2015 and 19/2015.

Click here to see the archival reports and presentations of KGHM INTERNATIONAL.