1. On 30 January 2018, the Bank adopted a resolution consenting to an issue of subordinated bonds in the 10NC5 format, i.e. with 10-year maturity and the Bank’s right to early redemption, subject to permission from the PFSA, all bonds after 5 years of the issuance date (the call option). The total nominal value of the bonds in this issue will amount to no more than PLN 1 billion. Bonds will be issued based on the Bonds Act, and the funds obtained from the issue will be used, subject to permission from the PFSA, to increase the Bank’s Tier 2 capital. The nominal value of one bond will amount to PLN 500 000. Bonds will bear interest at a market level, with a half-yearly interest period, and the interest on the bonds will increase their nominal value.
2. On 8 February 2018, the Bank made full and final early repayment of a credit line granted by Nordea Bank AB (publ) based on an agreement dated 1 April 2014. Initially, the credit line was granted for a period of 7 years, which means that the Bank repaid it 3 years before its original maturity.