Further to the launch of the Eleventh Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Issuer” or the “Company”) announces that on November 4th 2024 it passed a resolution on the issue and determination of the final terms and conditions of the issue of Series AP2 bonds (the “Bonds”). The Bonds will be offered under the Programme, which is covered by the Base Prospectus approved by the Polish Financial Supervision Authority on September 18th 2024, available from the Company’s website: www.kruksa.pl. The Bonds will be offered to the public, and the public offering will comprise up to 1,000,000 unsecured Bonds, provided that if the Company decides to increase the number of Bonds to be offered under the terms and conditions set forth in the final terms and conditions of the Bonds and the Base Prospectus, up to an additional 250,000 Bonds may be offered in the offering. The Bonds will have book-entry form and the Company will seek to introduce them to trading on the regulated Catalyst market operated by the Warsaw Stock Exchange.
The Company announces that the Bonds will be offered at the issue price equal to their nominal value of PLN 100 per Bond. The total nominal value of the Bonds will be no more than PLN 100m, with the provision that if the Company decides to increase their number, it will be no more than PLN 125m. The Bonds bear interest at a variable rate equal to 3M WIBOR plus a fixed margin of 3.00 percentage points per annum. The Company will redeem the Bonds on the maturity date set out in the final terms and conditions of their issue, with the proviso that the Issuer will have a call option to redeem early all or some of the subscribed Bonds. At the same time, the Company announces that detailed terms and conditions of the offering of the Bonds will be included in the final terms and condition of their issue, to be published on the Issuer’s website www.kruksa.pl.