Bank Millennium : The Management Board Resolution of Bank Millennium S.A. in the matter of the issue of R-Series subordinated bonds of Bank Millennium S.A. under the Third Bond Issue Program
November 27, 2017 at 09:37 am EST
Share
The Management Board of Bank Millennium S.A. hereby informs that on 27 November 2017 took the decision in the matter of issue by Bank Millennium S.A. ('Bank') on 7 December 2017, under provisions of the Act of 15 January 2015 on bonds ('Act on Bonds'), subordinated bonds R-series ('Bonds'), at the following terms and conditions:
Under the issue, up to 1,400 of Bonds will be issued the total nominal value not greater than PLN 700,000,000.
Nominal value of one Bond will be PLN 500,000.
Issue price of each Bond will be equal to its nominal value.
Bonds shall be offered for purchase pursuant to art. 33 item 2) of Act on Bonds and shall not be secured.
Bonds will be issued as bearer bonds, shall not have documentary form and will be registered on the issue day in the registration system of dematerialized securities maintained by the National Depository for Securities S.A.
Bonds, after approval the Polish Financial Supervision Authority ('KNF'), will constitute Bank's Tier II instruments in the meaning of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012.
The Issue will be carried out in 10NC5 format with a maturity of 10 years, with call option providing the Bank with right to repurchase all Bonds on a day of 5th anniversary of the issue date, subject to approval by KNF.
Bond maturity will fall on 7 December 2027, subject to provisions of point 7.
Bonds will bear variable interest rate, equal to WIBOR 6M plus margin at 2.30%.
Interest will be paid every six months.
Solely monetary benefits shall be generated under the Bonds.
The Bank will apply for the Bonds to be admitted to trading on the Alternative Trading System organized by BondSpot S.A. or the Warsaw Stock Exchange S.A.
Bonds shall be issued by Bank under the existing Third Bond Issue Program, approved in 2015, with nominal value not greater than PLN 2,000,000,000 (or the equivalent of this amount in EUR, USD or CHF), about which the Bank had informed in current report No. 26/2015 of 24 April 2015.
Legal base: Art. 17. 1 of MAR
Bank Millennium SA published this content on 27 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 November 2017 14:36:01 UTC.
Original documenthttps://www.bankmillennium.pl/en_US/about-the-bank/investor-relations/current-reports/-/r/691939
Public permalinkhttp://www.publicnow.com/view/BECCA370EDF1866A54579AA4D0909343013A4698
Bank Millennium SA is a Poland-based commercial bank. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products and insurance products. Its business is divided into three segments, including Retail Banking, providing services for individual customers and small enterprises; Corporate Banking, providing services for corporate customers; and Treasury and investment operations, offering financial instruments for both individual and corporate customers. As of December 31, 2012, the Bank rendered its services through a network of 447 outlets located in Polish cities, Internet banking (Millenet), telephone banking and a network of automated teller machines (ATMs). It operated six subsidiaries, including Millennium Leasing Sp. z o.o. and Millennium Dom Maklerski SA, among others. Banco Comercial Portugues SA held a 65.51% stake in the Bank
Bank Millennium : The Management Board Resolution of Bank Millennium S.A. in the matter of the issue of R-Series subordinated bonds of Bank Millennium S.A. under the Third Bond Issue Program
BANK MILLENNIUM S.A. 
