Current Report No.: 5/2015
Current Report No.: 5/2015
Date of preparation: 10.02.2015
Short name of issuer: ENEA S.A.
Subject: Bond issue within ENEA S.A.'s bond issue programme agreement up to the maximum amount of PLN 5 billion
Legal basis: Article 56 item 1(1) of the Act on Offerings - confidential information
Content of report:
In relation to the current report No. 27/2014 of 30 June 2014 regarding conclusion by ENEA S.A. of the agreement relating to the bond issue programme up to the maximum amount of PLN 5 billion (Agreement), the Management Board of ENEA S.A. notifies about the performance on 10 February 2015 of the first bond issue within the Agreement.
The bonds were issued as bearer bonds, with 5 years of maturity. The bonds are denominated in Polish zloty and were offered in a non-public issue. The total nominal value of the bonds of the first issue is PLN 1 billion and it was taken up by 21 investors, with 62.07% of bonds taken up by banks, 30.66% by investment funds companies and 7.27% by open-end pension funds and insurers.
The nominal value of one bond is PLN 100 thou. The issue price is equal to the bond's nominal value. The bonds will be redeemed via payment of the amount equal to the bond's nominal value. The redemption date for bonds is 10 February 2020. The interest rate on bonds is floating, payable each 6 months based on 6-month WIBOR, increased with the margin of 0.85% annually.
Proceeds from the issue will be designated for financing investment expenditures pursuant to the Strategy of ENEA Capital Group published with the current report No. 32/2013.
The value of the incurred liabilities of ENEA S.A. as at 30 September 2014, pursuant to the recently published extended consolidated quarterly report of ENEA Capital Group for Q3 2014, amounted to ca. PLN 3.2 billion. ENEA S.A.'s liability perspective until the full redemption of the bonds indicates that due to the financial debt related to the investment programme being implemented, the level of ENEA S.A.'a liabilities will increase.
Within 60 days from the date of issue, the bonds will be registered with the National Depository for Securities, and within 120 days from the issue date they will be traded on ASO BondSpot.
The issue process was conducted by the dealer banks consortium composed of: ING Bank Śląski S.A., PKO BP S.A., Bank Pekao S.A. and mBank S.A.
