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Kruk S.A. — Capital/Financing Update 2017
Dec 7, 2017
5678_rns_2017-12-07_0398c913-8768-4e22-b05e-d69bacf9c2e4.html
Capital/Financing Update
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Current Report No. 54/2017
Date: December 7th 2017
Subject: Launch of the Fifth Public Bond Issue Programme
Legal basis: Art. 17.1 of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. (the "Company") announces that onDecember 7th 2017 it passed a resolution to launch the Fifth Public BondIssue Programme (the "Programme") with a total nominal value of up toPLN 500m, under which the Company may issue public bonds ("Bonds") inPolish zloty or euro. The Bonds will be in book-entry form. Inconnection with the Programme, the Company has prepared a base issueprospectus (the "Prospectus"). The Company will file the Prospectus andan application for its approval with the Polish Financial SupervisionAuthority. Individual series of Bonds under the Programme will be issuedduring the 12 months from the Prospectus approval by the PolishFinancial Supervision Authority. Individual Bond issues may differ withrespect to their final issue terms and conditions, in particular withrespect to the rules of defining interest and the interest rate.Detailed issue terms and conditions of each Bond series will be definedin the Prospectus and in the final issue terms and conditions ofindividual Bond issues.