Report No. 52/2024

Legal basis:

Paragraph 16 of the Regulation of the Minister of Finance on 29 March 2018 on the current and periodic information published by issuers of securities and the conditions for considering as equivalent the information required by law of a non-member state

the Report:

With reference to the report No. 49/2024 the Management Board of PKO Bank Polski S.A. (“Bank”) hereby announces that on 8 October 2024 it closed the book-building for 10 years subordinated capital bonds with the total nominal value of PLN 1,500,000,000.

The issuance of notes is carried out under Programme for the issue of own bonds on the domestic market.

Taking into consideration the intention to introduce the bonds to the listing on the alternative trading system organised by the Warsaw Stock Exchange S.A. (Giełda Papierów Wartościowych w Warszawie S.A.), the Management Board of the Bank informs as follows:

1. Book-building opening date: 8 October 2024;
2. Book-building closing date: 8 October 2024;
3. Bonds initial allocation date: 8 October 2024;
4. The number of bonds covered by the book-building: 3,000 bonds;
5. Reduction rate in specific tranches, if at least in one of the tranches the number of allocated bonds was lower than the number of subscribed bonds: the bonds are to be issued in one tranche with the reduction rate of 8.56%;
6. The number of bonds indicated in the book-building: 3,281 bonds;
7. The number of bonds which we allocated within the book-building: 3,000 bonds;
8. The price of acquisition of the bonds: 100% par value;
9. The margin component of the variable interest rate on the bonds was set at 220 basis points;
10. The bonds will be issued for a period of 10 years, with the possibility of early redemption by the Bank after 5 years, and then in each year after 5 years from the date of issue to the redemption date (16 October 2029, 16 October 2030, 16 October 2031, 16 October 2032, 16 October 2033). In the event that the Polish Financial Supervision Authority does not issue a decision to grant approval for the bonds to qualify as Tier II instruments in accordance with Article 63 of the CRR Regulation, or issues a decision to deny approval, the Bank may redeem the bonds early on 7 January 2025;
11. The number of persons which declared to acquire the bonds in the book-building in specific tranches: 36 persons;
12. The number of persons to whom the bonds were allocated within the book-building in specific tranches: 36 persons;
13. The name of underwriters who acquired the bonds under underwriting agreement: not applicable;
14. The aggregate nominal amount of the book-building, i.e. the product of number of bonds under the offering and the issue price: PLN 1,500,000,000 (in words: one billion five hundred million);
15. The total costs which were included in the issuance costs: the Bank will disclose such information in an updated current report after it has received and accepted all the invoices connected with the issuance;
16. The average cost of book-building per one subscribed bond: the Bank will disclose such information in an updated current report after it has received and accepted all the invoices connected with the issuance;
17. The way of payment for bonds to be acquired: the payment will be made to the Bank's account.