Information  X 
Enter a valid email address

Bank Pekao SA (BPKD)

  Print      Mail a friend

Monday 03 February, 2003

Bank Pekao SA

Series E Bonds Issue

Bank Pekao SA
03 February 2003


The Issue of Series E Bonds of Bank Pekao SA


The Management Board of Bank Pekao SA informs that on 3rd of February 2003 the
Management Board has made a resolution No. 12/II/03 on the Bearer Bonds Issue of
the Series E of Bank Pekao SA. Upon this resolution 2,000,000 of Bearer Bonds of
the Series E have been issued in the Programme of the Bearer Bonds Issue of Bank
Pekao SA with numbers from 1 to 2,000,000. Each bond has a nominal value of PLN
100. The total value of the E Series amounts to PLN 200,000,000.

The main target of the Bearer Bonds Issue is to finance operating activity of
the Bank.

The first day of the subscription of the Series E Bonds is of February 2003 and
the last day of the subscription of the Series E Bonds is 28th of February 2003.

The Bearer Bonds of the Series E will be repurchased on 31st of December 2003,
i.e. on the Repurchase Day.

The interest rate of Bearer Bonds of Series E is fixed and amounts to 5,80%
annually and accruals will be calculated since the first day of subscription for
bonds till the day before Repurchase Day.

The bonds are not collateralised.

The subscription fee will be received and will amount to PLN1 per each correctly
subscribed and paid Series E Bond.

The total value of Bank's liabilities amounts to PLN55,534 million as at the end
of third quarter 2002. The Bank has not foreseen significant changes in the
value of liabilities till the Repurchase Day, excluding changes connected with
typical banking operations, which are run by the Bank and which include
collecting deposits.


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                      

a d v e r t i s e m e n t