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%.
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.
KGHM extracts and processes precious natural resources.
Owing to its vast experience, openness and constant improvement of competencies,
the company has built a unique culture of teamwork and has ranked high on the international arena.