<\/p>\n\n\n\n
<\/p>\n\n\n\n
BEST \u2013 the second-largest player in the Polish debt management market, with active operations in Italy, Romania, and Bulgaria \u2013 is launching a public offering of Series AF2 bonds with an aggregate value of up to PLN 100 million. In the event of significant demand, the issue size may be increased to PLN 160 million. Investor subscriptions will be accepted from 6 to 19 May, with the conditional allocation of bonds scheduled for 21 May this year.<\/strong><\/strong><\/p>\n\n\n\n The public offering of Series AF2 bonds comprises debt securities with a nominal unit value of PLN 1,000 and a total nominal value of up to PLN 100 million, with the option to increase the offering to PLN 160 million. These bonds mature in August 2031, representing a term of 5 years and 3 months. Interest will be paid to investors every 3 months, and the interest rate on the bonds will be equal to the WIBOR 3M rate plus a margin from 3.00 to 3.30 percentage points.<\/p>\n\n\n\n The final margin will be determined by the Company based on investor subscriptions and announced on 21 May this year. The conditional allocation of the bonds will also take place on that date. The bonds will be allocated solely to those investors who, in their subscriptions, specify a margin equal to or lower than the final rate determined by the Company. The subscription period will run from 6 to 19 May this year.<\/p>\n\n\n\n The Series AF2 offering is the second issue conducted by BEST under a public bond programme with a total value of up to PLN 500 million (or its equivalent in EUR), based on a prospectus approved by the Polish Financial Supervision Authority in February this year. In March, BEST successfully offered AF1 series bonds, raising over PLN 134 million against an initial target of PLN 90 million, with total investor demand exceeding PLN 193 million.<\/p>\n\n\n\n \u2013 As previously announced, the BEST Capital Group\u2019s investments in new claim portfolios in 2026 may exceed 2025 levels, which amounted to over PLN 590 million. We intend to further consolidate our position and expand our operational footprint across all four markets where we are actively present: Poland, Italy, Romania, and Bulgaria. Public bond issues, aimed at a broad range of investors, remain a vital source of funding for our growth. Concurrently, we are steadily reducing the Group\u2019s financing costs through the systematic buyback of older bond series<\/em> \u2013 notes Marek Kucner, Vice-President of BEST S.A.<\/strong><\/p>\n\n\n\n The structure of the Series AF2 bond offering enables holders of two of the Company\u2019s older series of debt securities \u2013 T1 and Z3 \u2013 to acquire new securities in exchange for the bonds they currently hold.<\/p>\n\n\n\n The T1 series comprises bonds issued by Kredyt Inkaso in 2024 with a total value of PLN 30 million, the liabilities for which were assumed by BEST following last year\u2019s merger of the two companies. The Z3 series consists of BEST bonds issued in 2023 with a total value of PLN 20 million.<\/p>\n\n\n\n Investors who participate in the new offering and settle their acquisition of new bonds using older series will receive an additional premium of 0.46% for the T1 series or 0.26% for the Z3 series, in addition to the nominal value and accrued interest.<\/p>\n\n\n\n The investment firm coordinating the offering is Michael \/ Str\u00f6m Dom Maklerski S.A. Subscriptions for BEST\u2019s bonds will also be accepted by Dom Maklerski BDM S.A., Dom Maklerski Banku Ochrony \u015arodowiska S.A., and Noble Securities S.A.<\/p>\n\n\n\n ***<\/p>\n\n\n\n