No. 51/2013 | 29-03-2013
PGNiG: PGNiG Notes Placed with the Group Subsidiaries
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports on the acquisition of PGNiG debt securities by the Group subsidiaries.
On March 29th 2013, PGNiG issued notes (the “Notes”) under the Short-Term Note Issue Programme dated December 1st 2010 (the “Programme”). The aggregate par value of the Notes is PLN 84,000,000.00 (fifty million złoty), including:
a) 200 Notes with the total value of PLN 20,000,000.00 (twenty million złoty), maturing on April 12th 2013 and yielding 3.68% per annum, which have been acquired by Mazowiecka Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting.
b) 140 Notes with the total value of PLN 14,000,000.00 (fourteen million złoty), maturing on April 26th 2013 and yielding 3.68% per annum, which have been acquired by Mazowiecka Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting.
c) 200 Notes with the total value of PLN 20,000,000.00 (twenty million złoty), maturing on May 24th 2013 and yielding 3.68% per annum, which have been acquired by Mazowiecka Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting.
d) 300 Notes with the total value of PLN 30,000,000.00 (thirty million złoty), maturing on June 14th 2013 and yielding 3.69% per annum, which have been acquired by Mazowiecka Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting.
The par value of one Note is PLN 100,000.00 (one hundred thousand złoty).
All the Notes are denominated in the Polish złoty and have been offered in a private placement exclusively in the territory of Poland.
The Notes are unsecured discount bearer notes in book-entry form, and will be redeemed at par value.
PGNiG has no plans to introduce the Notes to public trading.
The Programme is a tool designed to effectively manage short-term liquidity within the PGNiG Group.
Following the Note issue discussed above, the total par value of notes issued under the Programme and outstanding as at March 29th 2013 is PLN 708,300,000.00 (seven hundred eight million three hundred thousand złoty).