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The Polish Financial Supervision Authority (KNF) has approved Annex 2 to the prospectus of the Warsaw Stock Exchange which defines the margin on GPW bonds. The series D and E bonds will bear interest at a floating rate equal to the WIBOR 6M reference rate plus a margin of 0.95% p.a.
The total nominal value of both series will be up to PLN 120 million and the individual value of each series up to PLN 60 million. Series D bonds will be addressed to institutional investors and series E bonds in the first place to retail investors. Interest will be paid semi-annually.
Interest on series D bonds and interest on series E bonds will be payable on the dates set in the terms of issue of each bond series defined in the bond prospectus. The bonds are due for redemption on 31 January 2022.
The bookrunner is the investment firm Pekao Investment Banking S.A. The lead arrangers are Bank Pekao SA and Pekao Investment Banking S.A. The co-arrangers are Bank Handlowy w Warszawie S.A. and Dom Maklerski Banku Handlowego S.A.
The distribution consortium of the GPW bonds addressed to retail investors is comprised of: Centralny Dom Maklerski Pekao S.A., Dom Maklerski Pekao, Dom Inwestycyjny Xelion sp. z o.o., Dom Maklerski Banku Handlowego S.A., Biuro Maklerskie Alior Banku S.A., and Dom Maklerski PKO Banku Polskiego S.A.