Legal basis: Article 56(1) point 2 of the Act of 29 July 2005 on Public Offering, Conditions for Introducing Financial Instruments to an Organised Trading System, and on Public Companies in connection and § 5(1) point 11 of the Ordinance of the Minister of Finance of 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 Legal Regulations of a State Which is Not a EU Member State. The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna („the Bank”) hereby announces to the public that on 9 December 2011 the Bank issued own bonds („the Issue”) on the basis of the program of bonds issue for the domestic market, whose opening the Bank announced in the Current Report No. 32/2011 of 21 June 2011 („the Issue Program”). Below the Bank announces to the public the following information concerning the Issue:
- Bonds issued within the Issue were issued on the basis of the Bonds Act and the proceeds from the Issue were used for general financing purposes of the Bank;
- Bonds issued within the Issue are bearer bonds;
- Nominal value of bonds issued on 9 December 2011 within the Issue is PLN 700,000,000 (in words: seven hundred million zloty);
- Total value of bonds issued under the Issue Program, including the value of bonds issued within the Issue, is PLN 2,950,000,000 (in words: two billion nine hundred fifty million zloty);
- Nominal value of one share issued within the Issue is PLN 100,000 (in words: one hundred thousand zloty);
- Issue price of bonds issued within the Issue is PLN 690,711,700 (in words: six hundred ninety million seven hundred eleven thousand seven hundred zloty);
- Bonds issued within the Issue are zero-coupon, discount bonds, and the redemption of bonds issued within the Issue will be conducted on the basis of their nominal value;
- Value of liabilities of the Bank as at 30 September 2011 was PLN 163,079,199,000 (in words: one hundred sixty three billions seventy nine million one hundred ninety nine thousand zloty);
- Projections of liabilities under the bonds until their complete redemption should be estimated on the basis of statements and information provided by the Bank as a public company, in accordance with the Act of 29 July 2005 on Public Offering, Conditions for Introducing Financial Instruments to an Organised Trading System, and on Public Companies.
At the same time, the Bank informs that the total value of not bought back bonds issued by the Bank within the Issue Program remained unchanged compared with the amount reported by the Bank in the Current Report No. 75/2011 of 10 November 2011 and still amounts to PLN 2,950,000,000, since along with the Issue, the Bank carried out redemption of bonds previously issued under the Issue Program, with the total value of bonds subject to redemption amounting to PLN 700,000,000. After the Issue conducted on 9 December 2011, the total value of not bought back bonds issued by the Bank within the Issue Program, including the value of bonds issued under the Issue, exceeded the level of 10% of the Bank's equity.