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 name||KGHM Polska Miedź S.A.|
|Catalyst markets||GPW ATS, BS ATS1)|
|Type of instrument||Bearer bonds series A and B|
|Issue value||PLN 2 000 000 000|
|Type of offer||private placement/non-public|
Series A bonds:
Series B bonds:
| WIBOR6M plus a margin of 1.18% |
WIBOR6M plus a margin of 1.65%
1) GPW Alternative Trading System (or ASO GPW), BondSpot Alternative Trading System (or BS ASO)
Details regarding the issued bonds
|Series A bonds||Series B bonds|
|Date of allocation||27 June 2019||27 June 2019|
|Number of bonds offered||400 000||1 600 000|
|Number of bonds allocated||400 000||1 600 000|
|Nominal value||PLN 1 000||PLN 1 000|
|Issue value||PLN 1 000||PLN 1 000|
|Total issue value||PLN 400 000 000||PLN 1 600 000 000|
|Coupon||WIBOR6M plus an annual margin of 1.18%||WIBOR6M plus an annual margin of 1.65%|
|Maturity||27 June 2024||27 June 2029|
|The purpose of the issue||not stated||not stated|
|Documents (in Polish only)|
Information Note Series A
Information Note Series B
|Debut on Catalyst||3 October 2019||3 October 2019|
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%.
Click here to see the archival reports and presentations of KGHM INTERNATIONAL.