ING Bank Śląski | Annual Report 2014

ING BANK ŚLĄSKI

ING BANK ŚLĄSKIAnnual Report 2014

Issuance of the second series of own bonds

On 19 December 2014, the Bank issued the second series of bonds under the Own Debt Securities Issuance Programme of ING Bank Śląski S.A. established in 2012. The bonds were issued as bearer bonds of 5Y maturity. The bonds are denominated in PLN and were issued in private placement. The total nominal value of the second series of bonds is PLN 300 million and the nominal value of one bond is PLN 100 thousand. The issue price equals the bonds’ nominal value. Bonds will be bought back by paying the amount of cash equal to the bonds’ nominal value. The bonds will mature on 19 December 2019.

Bonds bear floating interest, paid every 6 months and based on 6M WIBOR plus margin of 0.75% per annum. The first interest will be paid on 19 June 2015.

The funds from the issue were used to finance the Bank’s ongoing operations and enabled the Bank to diversify sources as well as improve the Bank’s funding structure.

The Bank issued the first bonds under the Programme on 06 December 2012. The aggregated nominal value of bonds taken up by investors at that time was PLN 565 million. This block of bonds is to be bought back on 06 December 2017.

Bonds of ING Bank Śląski S.A. are transacted in the alternative trading market on Catalyst. The Bank’s bonds were listed for the first time on 22 February 2013.

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