corporate · EUR
The current coupon is the rate for the current period according to available data. The benchmark and margin formula comes from issue documents; it does not confirm the current fixing or a conditional margin.
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Fixed interest is payable annually on 23 September from 2026 until the issuer call date of 23 September 2031. If the option is not exercised, floating-rate payment dates are specified as 23 December 2031, 23 March, 23 June and 23 September 2032, subject to Modified Following adjustment.
(b) Interest Payment Date(s): 23 September in each year commencing on 23 September 2026 up to and including the Optional Redemption Date (c) Fixed Coupon Amount(s) (and in EUR 35.00 per Calculation Amount, payable relation to Notes in global or on each Interest Payment Date up to and
The key terms from the issue documents, explained in plain language.
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The currency is EUR. The minimum denomination of a single note is EUR 100,000; higher permitted denominations increase in integral multiples of EUR 1,000 up to EUR 199,000 in definitive form. The calculation amount is EUR 1,000 and is not the minimum denomination.
We do not yet have all the data needed for a reliable yield calculation. You can use the general calculators with your own assumptions.
(a) Specified Period(s)/Specified If not redeemed on the Optional Redemption Interest Payment Dates: Date, interest will be payable on 23 December 2031, 23 March 2032, 23 June 2032 and 23 September 2032, subject to adjustment in accordance with the Business Day Convention set out in (b) below (b) Business Day Convention: Modified Following Business Day Convention
(b) Business Day Convention: Modified Following Business Day
The issuer may redeem the issue on 23 September 2031 at EUR 1,000 per EUR 1,000 calculation amount, with 15 to 45 days' notice. Early redemption options for tax reasons, MREL disqualification and clean-up are also selected; the documents do not establish that they have been exercised.
16. Issuer Call: Applicable (a) Optional Redemption Date(s): 23 September 2031 (b) Optional Redemption Amount: EUR 1,000 per Calculation Amount (c) Notice period: Minimum period: 15 days Maximum period: 45 days
21. Redemption for tax reasons: Applicable
19. MREL Disqualification Event: Applicable
18. Clean-up Call Option: Applicable
These are unsecured, unsubordinated Senior MREL Notes. Their principal ranks alongside Senior Higher Priority Liabilities and above Senior Non-Preferred Liabilities, subject to mandatory legal rules. The three reviewed documents do not establish a separate guarantor.
• Status: Senior MREL Notes
unconditional, unsubordinated and (subject to Condition 4 (Negative Pledge)) unsecured obligations of the Issuer. If the Notes are specified in the applicable Final Terms as being Seni
unconditional, unsubordinated and (subject to Condition 4 (Negative Pledge)) unsecured obligations of the Issuer. If the Notes are specified in the applicable Final
pari passu among themselves and with any other Senior Higher Priority Liabilities; and (iii) senior to: (A) accrued but unpaid interest on Senior Higher Priority Liabilities (including the Notes) as of the commencement of any insolvency procedure; (B) any liabilities of the Issuer falling into categories 4 to 10 (inclusive) of the Issuer’s liabilities in accordance with art. 440 section 2 of the Insolvency Law (including but not limited to Senior Non-Preferred Liabilities); and (C) any other present and
These are contractual terms. They do not confirm the current coupon, completed payments or the issuer’s financial position.
5. (a) Specified Denominations: EUR 100,000 and integral multiples of EUR 1,000 in excess thereof up to and including EUR 199,000. No Notes in definitive form
Calculation Amount (in relation to EUR 1,000
Until 23 September 2031, the coupon is fixed at 3.500% per annum. If the issue is not redeemed then, the rate until maturity is 3M EURIBOR + 1.10 percentage points per annum, with a 0% floor. This does not establish the current fixing.
8. Interest Basis: From and including the Issue Date up to but excluding the Optional Redemption Date, the Notes will bear interest at the fixed rate of 3.500 per cent. per annum (see paragraph 13 below) If not redeemed on the Optional Redemption Date, for the period from (and including) the Optional Redemption Date up to (but excluding) the Maturity Date, the Notes will bear interest at 3 month EURIBOR + 1.10 per cent. per annum
(a) Rate(s) of Interest: 3.500 per cent. per annum payable in arrear on each Interest Payment Date up to and including the Optional Redemption Date
• Reference Rate: 3 month EURIBOR
(i) Margin(s): 1.10% per annum
Fixed interest is payable annually on 23 September from 2026 until the issuer call date of 23 September 2031. If the option is not exercised, floating-rate payment dates are specified as 23 December 2031, 23 March, 23 June and 23 September 2032, subject to Modified Following adjustment.
(b) Interest Payment Date(s): 23 September in each year commencing on 23 September 2026 up to and including the Optional Redemption Date (c) Fixed Coupon Amount(s) (and in EUR 35.00 per Calculation Amount, payable relation to Notes in global or on each Interest Payment Date up to and
(a) Specified Period(s)/Specified If not redeemed on the Optional Redemption Interest Payment Dates: Date, interest will be payable on 23 December 2031, 23 March 2032, 23 June 2032 and 23 September 2032, subject to adjustment in accordance with the Business Day Convention set out in (b) below (b) Business Day Convention: Modified Following Business Day Convention
(b) Business Day Convention: Modified Following Business Day
Maturity is 23 September 2032; unless previously redeemed or cancelled, principal repayment is 100% of nominal value.
7. Maturity Date: 23 September 2032
9. Redemption Basis: Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100% of their nominal amount
The issuer may redeem the issue on 23 September 2031 at EUR 1,000 per EUR 1,000 calculation amount, with 15 to 45 days' notice. Early redemption options for tax reasons, MREL disqualification and clean-up are also selected; the documents do not establish that they have been exercised.
16. Issuer Call: Applicable (a) Optional Redemption Date(s): 23 September 2031 (b) Optional Redemption Amount: EUR 1,000 per Calculation Amount (c) Notice period: Minimum period: 15 days Maximum period: 45 days
21. Redemption for tax reasons: Applicable
19. MREL Disqualification Event: Applicable
18. Clean-up Call Option: Applicable
The series 4 terms mark early redemption at the noteholder's request as “Not Applicable”.
17. Investor Put: Not Applicable
These are unsecured, unsubordinated Senior MREL Notes. Their principal ranks alongside Senior Higher Priority Liabilities and above Senior Non-Preferred Liabilities, subject to mandatory legal rules. The three reviewed documents do not establish a separate guarantor.
• Status: Senior MREL Notes
unconditional, unsubordinated and (subject to Condition 4 (Negative Pledge)) unsecured obligations of the Issuer. If the Notes are specified in the applicable Final Terms as being Seni
unconditional, unsubordinated and (subject to Condition 4 (Negative Pledge)) unsecured obligations of the Issuer. If the Notes are specified in the applicable Final
Condition 11.3 applies to the selected class: ordinary non-payment does not permit automatic acceleration, while the specified continuing judicial insolvency or liquidation proceedings may entitle a noteholder to demand immediate repayment. The documents do not establish that such an event has occurred.
• Events of Default: Condition 11.3 (Events of Default relating to Senior MREL Notes, Senior Non-Preferred MREL Notes or Senior Subordinated Notes and Tier 2 Subordinated Notes) applies
Save as provided below, there are no events of default under the Senior MREL Notes, Senior Non-Preferred MREL Notes or Senior Subordinated Notes or Tier 2 Subordinated Notes, which could lead to an acceleration of the relevant Senior MREL Notes, Senior Non-Preferred MREL Notes or Senior Subordinated Notes or Tier 2 Subordinated Notes. However, if an order is made by any competent court commencing insolvency proceedings against the Issuer or if any order is made by any competent court or resolution passed for the winding up or dissolution of the Issuer and such order is continuing, then any Holder of a Note may, unless there has been a resolution to the contrary by the Noteholders, by written notice addressed by the Noteholder thereof to the Issuer and delivered to the Issuer and to the specified office of the Issuing and Principal Paying Agent (and addressed to the Issuer), that the Notes shall be declared immediately due and payable, whereupon the principal amount of such Notes together with any accrued and unpaid interest thereon to the date of payment shall become immediately due and payable without further action or formality. 11.4 Notices relating to Events of Default Neither a reduction or cancellation, in part or in full, of the principal or any other redemption amount of, or
The issuer of EMTN series 4 (ISIN XS3185322909) is Bank Polska Kasa Opieki S.A.
Bank Polska Kasa Opieki S.A.
1. (a) Series Number: 4
(i) ISIN Code: XS3185322909
The issuer states its intention to allocate an amount equal to the net proceeds of the green issue to eligible projects under the Sustainable Finance Framework. The terms do not establish actual allocation.
(i) Reasons for the offer: The Issuer intends to issue the Notes as Green Bonds (as defined in the Base Prospectus) and apply an amount equal to the net proceeds from this issue of Notes to eligible projects and activities that are in keeping with the Sustainable Finance Framework (as defined and further described in the section of the Base Prospectus entitled “Use of Proceeds”). (ii) Estimated net proceeds: EUR 498,865,000
The prospectus's negative pledge is limited to Ordinary Senior Notes, so it does not protect this Senior MREL series. The three reviewed documents do not identify a separate financial threshold to be maintained for series 4.
This Condition 4 is applicable only in relation to Ordinary Senior Notes. So long as any Ordinary Senior Note remains outstanding, the Issuer shall not create or permit to subsist any Security Interest other than a Permitt
• Status: Senior MREL Notes
The terms prohibit offering, selling or otherwise making the issue available to retail investors in the EEA; the minimum denomination is EUR 100,000. The supplement dated 3 June 2025 updated risks and the description of the issuer's group, not the series' payment schedule.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS – The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (EEA).
5. (a) Specified Denominations: EUR 100,000 and integral multiples of EUR 1,000 in excess thereof up to and including EUR 199,000. No Notes in definitive form
These are contractual terms. They do not confirm the current coupon, completed payments or the issuer’s financial position.
pari passu among themselves and with any other Senior Higher Priority Liabilities; and (iii) senior to: (A) accrued but unpaid interest on Senior Higher Priority Liabilities (including the Notes) as of the commencement of any insolvency procedure; (B) any liabilities of the Issuer falling into categories 4 to 10 (inclusive) of the Issuer’s liabilities in accordance with art. 440 section 2 of the Insolvency Law (including but not limited to Senior Non-Preferred Liabilities); and (C) any other present and
The purpose of this Supplement is to update the: