Legal basis:

Article 17.1 of MAR - confidential information

Content of the report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the 'Bank') announces that on 30 January 2018 it adopted a resolution approving an issue of subordinated bonds (the 'New Issue') in 10NC5 format, i.e., with a maturity of 10 years, whereby the Bank has the right to redeem prematurely all the bonds in the New Issue (the 'call option') within five years from the issue date, pending approval from the Polish Financial Supervision Authority (PFSA). The total nominal value of the bonds issued under the New Issue shall not exceed PLN 1,000,000,000. The bonds shall be issued under the terms of the Bonds Act, whilst the proceeds from the New Issue shall, pending approval from the PFSA, be used to augment the Bank's supplementary funds (Tier 2) under the terms of Article 127 par. 2 pt. 2 of the Banking Act, and Article 63 of the Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013. The nominal value of one bond shall be PLN 500,000. The benefits under the bonds shall be pecuniary only. The bonds shall earn interest under market conditions at six-monthly intervals. The interest shall be paid on the nominal value.

PKO Bank Polski SA published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 12:54:07 UTC.

Original documenthttps://www.pkobp.pl/pkobppl-en/investor-relations/current-reports/report-no-1-2018-adoption-of-a-resolution-on-an-intended-issue-of-subordinated-bonds-by-the-management-board-of-pko-bank-polski-sa/

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