ENEA issued PLN 1 billion worth of bonds

On 10 February ENEA issued the first series of bonds under the bond issue programme up to the maximum amount of PLN 5 billion. The bonds were issued as bearer bonds, with 5 years of maturity. The bonds are bearer bonds and were offered in a non-public issue. The issue was taken up by 21 investors - 62.07% of the bonds were taken up by banks, 30.66% - investment fund companies and 7.27% - 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.

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.