KGHM issues bonds totaling PLN 1 billion

„The enormous interest in KGHM’s bonds along with their advantageous valuation enabled the achievement of a satisfactory margin of 125 bps. Such a volume, which exceeded our initial expectations, represents another element for us in the building of an optimal financing structure, taking into consideration the tenor and type of instrument. The margin gained in the 7-year tenor and the favourable parameters enabled the achievement of the best parameters by the Polish company following the pandemic and the start of war in Ukraine. This is undeniably a very strong signal for the entire market. Not only about the very good condition of the company itself, but also the condition of the entire local debt market. KGHM is in the process of reviewing its Strategy. We are analysing our capital needs and building a stable, long-term financing structure at an attractive cost. The refinancing of the maturing bonds is in conformance with the strategy of diversification, both of the external sources of financing and of the portfolio of debt instruments, as well as basing the financing structure on long-term instruments.

 

The Management Board of KGHM Polska Miedź S.A. thanks the Agent banks – PeKaO S.A., PKO BP S.A. and Santander Bank Polska S.A. – for their efficient conduct of this transaction, along with all of our bondholders for acquiring these instruments in the new series” – said Piotr Krzyżewski, Vice President of the Management Board (Finance) of KGHM.”