In the public offering of bonds addressed to qualified investors, 24 entities have submitted 90 bids for bonds in a total amount of PLN 818.6 million.
The WSE has accepted 23 bids for bonds submitted by 9 entities in a total nominal bond amount of PLN 170 million at a margin of 117 basis points above WIBOR 6M.
The total value of the submitted bids for bonds was 4.8 times higher than the value of initially allocated bonds.
“The very good margin attests to investors’ confidence in the WSE and its growth strategy, and in the condition of the Polish capital market now and in the future. The project also proves the great professionalism of the financial institutions working with the WSE on the issue. The Exchange Management Board will take steps necessary to introduce the bonds to the Catalyst market,” said Ludwik Sobolewski, President of the Management Board of the Warsaw Stock Exchange.
The offering will be closed with the final allocation of series A bonds on 23 December 2011.
The co-managers of the offering of WSE bonds are: Bank Handlowy, Dom Maklerski Banku Handlowego, Bank PEKAO S.A. and UniCredit CAIB Poland S.A.; Dom Maklerski Banku Handlowego and UniCredit CAIB Poland S.A. are the issue agents.
This material has been prepared by Giełda Papierów Wartościowych w Warszawie SA (the "Company") and is for information purposes only and under no circumstances may it be regarded as an offer to purchase securities of the Company, and should not be used in connection with any offer or solicitation of an offer to purchase any series A bonds (the "Bonds"), in the territory of Poland or in any other jurisdiction; and in addition to that with respect to United States, Canada and Japan it cannot be used in any manner connected or related to acquisition of any securities issued by the Company.
The Bonds have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the Bonds in the United States.
