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 |
| Coupon Series A bonds: Series B bonds: | WIBOR6M plus a margin of 1.18% WIBOR6M plus a margin of 1.65% |
| Security | none |
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% |
| Precedence | none | none |
| Financial covenants | none | none |
| 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 |
| ATS codes | KGH0624 | KGH0629 |
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.
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