- GPW has confirmed the issue value of seven-year bonds at a fixed rate of 3.19 p.a. in the maximum planned amount of PLN 125 million
- The interest rate is the lowest of all long-term fixed-coupon corporate bonds issued in PLN and listed on Catalyst
GPW has successfully completed an issue of fixed-coupon bonds and initiated the partial redemption of its floating-rate bonds financed with cash raised through the new issue. With this operation, the Exchange has secured a more optimal structure of its long-term funding.
“We have achieved the lowest interest rate on long-term fixed-coupon corporate bonds issued in PLN and listed on Catalyst. This is a very strong sign of investor confidence in GPW, its strategy and outlook,” said Karol Półtorak, Vice President of the Management Board of GPW.
The new series C bonds mature on 6 October 2022. Interest is paid semi-annually. The interest rate on the new issue GPW bonds is 3.19 per annum.
The Exchange is planning to have the new issue bonds introduced to Catalyst; consequently, the two old issue bond series maturing on 2 January 2017 and the new issue series C bonds will be traded at the same time. GPW may decide to further redeem its floating-rate bonds in 2016.
Table 1. Long-term fixed-rate corporate bonds in PLN listed on Catalyst (more at www.gpw.catalyst.pl)
No. |
Issuer |
Interest rate |
Issue series amount [M PLN] |
Tenor [years] |
Maturity date |
1 |
GPW |
3.19% |
125.0 |
7 |
2022-10-06 |
2 |
WARIMPEX |
3.90% |
15.0 |
3 |
2016-10-31 |
3 |
BGK |
4.00% |
1,270.0 |
10 |
2024-10-25 |
4 |
GETIN NOBLE BANK |
4.00% |
46.0 |
5 |
2020-03-23 |
5 |
KRUK |
4.50% |
13.4 |
5 |
2020-06-08 |
6 |
WARIMPEX |
4.88% |
24.0 |
3 |
2016-03-31 |
7 |
PKN ORLEN |
5.00% |
100.0 |
6 |
2020-04-09 |
8 |
PCC ROKITA |
5.00% |
20.0 |
5 |
2020-06-25 |