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Current Report No. 37/2018

13.12.2018 18:25

Increase of the amount of hybrid financing from the European Investment Bank

In reference to the current report no. 36/2018 of December 11, 2018, on obtaining hybrid financing from the European Investment Bank (”EIB”) in the amount of PLN 400 000 000 (”A Issue”) TAURON Polska Energia S.A. (”Company") informs that the Company and the European Investment Bank (”EIB”) signed the following agreements on December 13, 2018:
a) subscription agreement (”Subscription Agreement”) constituting the basis for issuing hybrid bonds (”Bonds”) with the total nominal value of PLN 350 000 000 (”B Issue”),
b) project related agreement (”Project Agreement”) defining detailed requirements related to the financing of an investment project.

B Issue constitutes a supplement to the A Issue and thus the Company signed with the EIB subordinated bond issue agreements worth PLN 750 000 000 in December 2018.

In accordance with the Subscription Agreement the Bonds will be issued in a single series. The Bond issue date has been set for December 19, 2018. The other terms and parameters of the Bonds are in accordance with the description provided in the current report no. 36/2018 of December 11, 2018.

The issue will be carried out after the standard suspending conditions in case of this type of financing have been met.

Legal basis:
Art. 17, clause 1 of MAR – inside information


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