First series of WSE bonds now listed on CATALYST

First series of WSE bonds now listed on CATALYST

04/01/2012

The Warsaw Stock Exchange has introduced 1.7 million bearer bonds with a total nominal value of PLN 170 million to trading in the alternative trading system operated by BondSpot. The bonds which have been newly listed today are the first of two series of WSE debt instruments to be listed on Catalyst. The series B issue is currently under preparation and will be addressed to individual investors.

“Today’s event is a major development as it demonstrates how to raise funds very effectively and on very good terms, which arouse interest and even a kind of respect or admiration on the part of the observers who witness the transaction: foreign observers, professional financial institutions, and information agencies … We have managed to do something important,” said Mr Ludwik Sobolewski, CEO of the Warsaw Stock Exchange, at the listing ceremony.

The series A bonds which have been introduced to trading today bear interest at a floating rate of WIBOR 6M plus a margin of 117 basis points. The coupon is 6.17% in the first interest period. Interest is paid semi-annually. The bonds are due for redemption on 2 January 2017 (5 years after the issue date). The Joint Lead Managers of the WSE bond offering are Bank Handlowy w Warszawie S.A., Dom Maklerski Banku Handlowego S.A., Bank PEKAO S.A. oraz UniCredit CAIB Poland S.A.; Dom Maklerski Banku Handlowego S.A. and UniCredit CAIB Poland S.A. are the Offering Agents.