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BEST's retail bonds on the Catalyst market

450,000 series K1 bonds of a par value of PLN 100 each, which were offered to investors in a public offering at the beginning of April, will be admitted to trading on a regulated market operated by the Warsaw Stock Exchange. The bonds are 4-year securities, remunerated at variable rates, based on WIBOR 3M rate increased by a 3.8% margin. The interest rate on the series K1 bonds in the first interest period is 6.52% (per year). The interest rate will be paid out every quarter.

 

The public offering of the series K1 bonds was the first issue conducted by BEST as part of the public issuance programme of bonds worth in total up to PLN 300 million. It was also the first issue in the history of the company addressed to retail investors.

 

The demand for series K1 bonds exceeded the available pool worth PLN 45 million already on the fourth day of the subscriptions, therefore the initial subscription time limits were shortened by one week and the subscriptions made in the last two days were reduced by 78%. In the end, the series K1 bonds were allocated to 978 investors.

 

mBank, which (along with Dom Maklerski mBanku – mBank’s brokerage house) performs the function of the offering party in the BEST's public bond issuance programme, will also perform the function of the market maker for the series K1 bonds.

 

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This press release is for promotional purposes only. The only legal source of information on the public offer of BEST S.A. bonds is the Base Prospectus, which was approved by the Polish Financial Supervision Authority on 21 March 2014, and the Final Terms of the Bond Issue. The Base Prospectus and the Final Terms were published electronically and are available on the Company’s website (www.best.com.pl). The bonds will not constitute a bank deposit and they will not be covered by the deposit guarantee scheme. Risk factors related with the purchase of bonds are described in the Base Prospectus.

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