Press release - ENERGA SA decided to conduct an issue in the amount of PLN 1.0 bn

On 15 October 2012, ENERGA SA conducted, through its Issuing Agents - Bank Pekao SA and BRE Bank SA,  a gathering of offers from investors for placement of series A 7-year bonds issued under the established program, in the amount of PLN 4 bn.

The issue was targeted at Polish institutional investors. Demand for the bonds by investors exceeded the established issue limit. The company decided to conduct an issue in the amount of PLN 1.0 bn. The issue structure in respect of the investor base was as follows: OFE (Open Pension Funds) 82%, Insurance Companies 6% and Investment Fund Societies (TFI) 12%.

The coupon rate upon the issue's closing was set at 150 base points above the WIBOR 3M rate. The company plans in the future to issue bonds on a regulated exchange.