Pursuant to Par. 5.1.11 of the Minister of Finance's Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009 (Dz.U. of 2009, No. 33, item 259), the Management Board of Inter Cars S.A. hereby reports that today, i.e. on June 3rd 2011, based on instructions placed with ING Bank Śląski S.A., tranche 94 of the notes was issued, as announced by the Company in Current Report No. 2/2007 of February 1st 2007.
The notes were offered to institutional investors in accordance with the applicable Polish legal and regulatory provisions.
The purpose of the issue is to finance the Company's working capital requirements.
The notes are denominated in the Polish złoty and are issued in the form of unsecured, discount (zero-coupon) bearer securities in book entry form.
The notes will be redeemed at par value at the registered offices of the issue agent. Issue terms:
Tranche 94 – issue with a value of PLN 15,000,000 (fifteen million złoty), comprising 150 notes with a par value of PLN 100,000 (one hundred thousand złoty, 00/100) per note.
- Issue date – June 3rd 2011;
- Maturity date – September 5th 2011;
- Yield – based on market conditions.
As at December 31st 2010, the total value of liabilities incurred by the Company was PLN 754,245,000. The estimated value of liabilities until full redemption of the notes amounts to PLN 769,245,000.
- Piotr Kraska - Member of the Management Board
- Paweł Pietrzak - Plenipotentiary