Download commencement of execution of the fourth bonds issue program

COMMENCEMENT OF EXECUTION OF THE FOURTH BONDS ISSUE PROGRAM
Current Report No. 35/2015 as of 8 July 2015
The Management Board of Idea Bank S.A. (the „Issuer”), informs that pursuant to the resolution no. 3 of
Extraordinary General Meeting as of 30 June 2015 regarding approval of the Fourth Bonds Issue Program (the
“Program”), the Issuer’s Management Board conducted actions intended to execute the Program. In
connection with execution of the Program, Issuer concluded an agreement regarding the preparation of the
Program, bonds offering, and maintaining records of the bonds (the “Agreement”) with Noble Securities
S.A. with its registered seat in Warsaw (the “NS”) acting as bonds offeror, depositary, maintaining bonds
records and payment agent. On the grounds of the Agreement the NS shall i.a. offer bonds within scope of
the Program.
Basic terms of the Program execution:
1. Maximal, total nominal value of bonds, which shall be issued within the scope of Program and
which may be offered by the NS: PLN 500,000,000.00.
2. Nominal value of single bond: PLN 100.00. The bonds shall be bearer bonds, without form of
document, subordinated in the understanding of article 127 section 3 point 2 letter b) of the act as of
29 August 1997 – Banking Law (Polish Official Journal of 2015, item 128 with amendments).
3. Period of availability of the Program: 31 December 2015.
4. Bonds shall be issued and redeemed with issue price equal to the nominal value and shall be
transferred without any restrictions.
5. The date of bonds redemption shall be established in Terms and Conditions of Bonds Issue and
shall occur not sooner than 60 months since bonds issue date and not later than 84 months since
bonds issue date, with reservation to the relevant provisions included in Terms and Conditions of
Bonds Issue.
6.
The bonds shall be issued with fixed interest rate (not higher than 520 basis points) or alternatively
with floating interest rate calculated with WIBOR6M or WIBOR3M rate increased by the margin
determined in the Terms and Conditions of Bonds Issue (not higher than 330 basis points); interests
resulting from bonds shall be paid out semi-annually or quarterly, with reservation to the relevant
provisions included in Terms and Conditions of Bonds Issue.
7. There are at least two bonds series two be issued. The bonds shall be issued under the article 33
point 2 of the act as of 15 January 2015 on Bonds (Polish Official journal of 2015, item 238) and their
issue will be directed to the designated recipients in the number not exceeding 149 persons.
8. The bonds shall not be income bonds, shall not be bonds convertible to the Issuer’s shares nor the
bonds with the right of priority entitling to subscribe the Issuer’s shares with the priority over its
shareholders.
The remaining features of bonds shall be determined in Terms and Conditions of Bonds Issue.
Legal basis: art. 56 section 1 point 1 of the Act of 29 July 2005 on public offering and conditions for
introducing financial instruments to the organized trading system and on public companies (i.e. Polish
Official Journal of 2013, item 1382).