General information on the EMTN Programme
On 26 August 2022 the Management Board of the Bank adopted a resolution on the establishment of the eurobonds issuance programme (Euro Medium Term Notes programme - the “EMTN Programme”). The resolution was approved by the Supervisory Board of the Bank on 4 March 2026.
The key parameters of the EMTN Programme
- the aggregate nominal value of issued and outstanding notes issued under the EMTN Programme (the "Notes") shall not exceed EUR 3,000,000,000;
- under the EMTN Programme it will be possible to issue unsecured eurobonds, including such, the liabilities of which may be included in the Bank's eligible liabilities or in the Bank's own funds;
- the EMTN Programme was established under Regulation S;
- the Notes may be issued in series, in any number of tranches with varying interest rate structures and maturities, and denominated in euro, Polish zloty or other issue currencies;
- the Bank may apply for the admission of individual series of Notes to trading on a regulated market operated by the Luxembourg Stock Exchange (Bourse de Luxembourg), the Warsaw Stock Exchange S.A. or another market selected by the Bank (excluding USA);
- the Notes will be issued in global note form and will be registered in an International Central Securities Depository ("ICSD") operated by Euroclear Bank SA/NV or Clearstream Banking société anonyme, Luxembourg;
- following registration with the ICSD, the Notes may also be registered with the securities depository operated by Krajowy Depozyt Papierów Wartościowych S.A.;
- the Bank shall apply to the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg for approval of the prospectus for the EMTN Programme.