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The material set forth herein is for informational and promotional purposes only and does not constitute an offer of securities for sale in the United States or any other. The Bank’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“Securities Act”), or the laws of any state, and may only be offered or sold within the United States under an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of the Bank’s securities will be made in the United States.
It may be unlawful to distribute this document in certain jurisdictions. In particular this document is not for distribution in Canada, Japan or Australia. The information in this document does not constitute an offer of securities for sale.
Legal basis:
Article 56 item 5 of the Act on Public Offerings and the Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies of 29 July 2005 and Paragraph 5.1.3 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state
Contents of the report:
With reference to Current Report No. 71/2012 dated 18 September 2012, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the “Bank”) hereby announces that on 20 September 2012 the Bank, as the borrower, concluded with its subsidiary, PKO Finance AB seated in Sweden (the “Issuer”), as the lender, a senior loan agreement in USD (the “USD Loan Agreement” and the “USD Loan” respectively) pursuant to which the Bank will borrow from the Issuer proceeds from the issue of bonds on the US market issued by the Issuer on the basis of documentation applicable on the debt market in the United States, pursuant to Rule 144A issued under the U.S. Securities Act. The Bank is the sole shareholder of the Issuer. The Issuer is, within the meaning of the Polish Accounting Act, a subsidiary of the Bank.
Under the USD Loan Agreement, the Issuer grants a loan of USD 1,000,000,000 to the Bank, (i.e. approximately PLN 3,209,200,000 (in words: three billion two hundred nine million two hundred thousand zlotys), intended to be used for general financing purposes of the Bank.
The USD Loan bears interest at a fixed rate of 4.630% p.a. Interest is being paid in six-month periods.
The USD Loan Agreement was concluded for the term of ten years.
The USD Loan is not secured.
The USD Loan Agreement does not provide for any contractual penalties.