28/2016
28/2016
Acquisition of Bonds by Banks under Bond Issue Programme
Current Report No. 28/2016
Date of preparation: 30 June 2016
Subject: Acquisition of Bonds by Banks under Bond Issue Programme
Legal Basis: Article 56.1.1 of the Polish Act on Public Offering – confidential information
The Management Board of LW Bogdanka S.A. with registered office in Bogdanka (“Company”) hereby informs you that 30 June 2016 was a maturity date for two series of bonds: LWB01B300616 and LWB02B300616 amounting to PLN 400,000,000, issued on 30 June 2015 (the issue was announced by the Company in Current Report No. 21/2015) under a Bond Issue Programme (“Programme”) established on the basis of the agreement with Bank Polska Kasa Opieki Spółka Akcyjna and Bank Gospodarstwa Krajowego (collectively “Guarantors”) announced by the Company in Current Report No. 13/2014 of 30 June 2014.
In line with the requirements set out in the Programme, during the term of the Programme, the Company may issue further series of bonds within a given tranche in order to refinance the previous issue of this tranche (rolling) and to reduce the Programme amount.
Therefore, in order to roll over a bond issue series LWB01B300616 on 30 June 2016 the Company jointly issued 300 registered bonds series LWB01C300617 in Tranche 1 with a nominal value of PLN 1,000,000 (one million) each. The total value of the bonds acquired by the Guarantors is PLN 300,000,000. Additionally, on 30 June 2016 the Company redeemed bonds issued under the LWB02B300616 series with the total nominal value amounting to PLN 100,000,000. The maturity date of series LWB01C300617 bonds is 30 June 2017.
The interest rate of the series LWB01C300617 bonds is based on WIBOR 3M plus fixed margin.
The Company established the following security: an assignment agreement for the claims under an agreement with one of the Company’s customers, a declaration on submission to execution under Article 777.1.5 of the Polish Code of Civil Procedure and powers of attorney to indicated bank accounts of the Company.
The value of financial liabilities disclosed in the consolidated Financial Statements of the Group as at 31 March 2016 amounts to PLN 725,624,000.
Date of preparation: 30 June 2016
Subject: Acquisition of Bonds by Banks under Bond Issue Programme
Legal Basis: Article 56.1.1 of the Polish Act on Public Offering – confidential information
The Management Board of LW Bogdanka S.A. with registered office in Bogdanka (“Company”) hereby informs you that 30 June 2016 was a maturity date for two series of bonds: LWB01B300616 and LWB02B300616 amounting to PLN 400,000,000, issued on 30 June 2015 (the issue was announced by the Company in Current Report No. 21/2015) under a Bond Issue Programme (“Programme”) established on the basis of the agreement with Bank Polska Kasa Opieki Spółka Akcyjna and Bank Gospodarstwa Krajowego (collectively “Guarantors”) announced by the Company in Current Report No. 13/2014 of 30 June 2014.
In line with the requirements set out in the Programme, during the term of the Programme, the Company may issue further series of bonds within a given tranche in order to refinance the previous issue of this tranche (rolling) and to reduce the Programme amount.
Therefore, in order to roll over a bond issue series LWB01B300616 on 30 June 2016 the Company jointly issued 300 registered bonds series LWB01C300617 in Tranche 1 with a nominal value of PLN 1,000,000 (one million) each. The total value of the bonds acquired by the Guarantors is PLN 300,000,000. Additionally, on 30 June 2016 the Company redeemed bonds issued under the LWB02B300616 series with the total nominal value amounting to PLN 100,000,000. The maturity date of series LWB01C300617 bonds is 30 June 2017.
The interest rate of the series LWB01C300617 bonds is based on WIBOR 3M plus fixed margin.
The Company established the following security: an assignment agreement for the claims under an agreement with one of the Company’s customers, a declaration on submission to execution under Article 777.1.5 of the Polish Code of Civil Procedure and powers of attorney to indicated bank accounts of the Company.
The value of financial liabilities disclosed in the consolidated Financial Statements of the Group as at 31 March 2016 amounts to PLN 725,624,000.