Current Report No. 12/2018

5 Apr, 2018

Settlement of the issue of own bonds of Bank Zachodni WBK S.A.: F-series subordinated bonds

In relation to report no. 11/2018 of 20 March 2018, the Management Board of Bank Zachodni WBK S.A. ("Bank", "Issuer") hereby advises that on 5 April 2018, the issue of 2,000 F-series subordinated bonds ("Bonds") issued by Bank Zachodni WBK S.A. was settled. All the Bonds for a total amount of PLN 1,000,000,000 were taken up by the bondholders, on the terms specified in the current report no. 11/2018.

The redemption date of the Bonds is 5 April 2028, with the Issuer having the right to redeem the Bonds earlier than 5 April 2023, only after prior approval by the Polish Financial Supervision Authority (KNF) for early redemption of the Bonds, if such consent is required. The bonds will pay a variable interest rate, based on the WIBOR rate for 6-month deposits plus a margin of 1.6%.

After obtaining the appropriate consent of the Polish Financial Supervision Authority (KNF), the Bonds will be the Bank's Tier II instruments based on Article 127(2)(2) of the Polish Banking Law Act and Article 63 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013.

The Bank will apply for the admission of the Bonds to trading in the Alternative Trading System on the Catalyst market.

Legal basis:
Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.

Santander Bank Polska S.A. with its registered office in Warsaw, al. Jana Pawła II 17, 00-854 Warszawa, registered by the District Court for the capital city of Warsaw, 12th Commercial Division, set up under regulation of the Council of Ministers of 11 April 1988 on setting up Bank Zachodni in Wrocław (Journal of Laws of 1 July 1988, No. 21, item 142), registered under KRS number 0000008723, REGON 930041341, NIP 896 000 56 73, share capital of PLN 1,020,883,050 paid-up in full. Helpline: 1 9999 – fee as per the operator’s tariff.

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