Further to the current report 26/2019 of 10 June 2019 and 33/2019 of 15 July 2019, the Management Board of Kredyt Inkaso S.A. („Issuer”, „Company”) hereby informs that in accordance with the provisions of the terms and conditions of issue of F1 series bonds („Issue Conditions”):
1) the Issuer has effectively established a pledge governed by Luxembourg law on intra-group corporate bonds held by the Issuer with a nominal value of PLN 100 million; and
2) has become aware that its subsidiary, i.e. Kredyt Inkaso Portfolio Investments (Luxembourg) Société Anonyme has effectively established pledges governed by Romanian law and Polish law on its portfolios of receivables with a total fair value of PLN 58.87 million, and thus, in accordance with the Terms of Issue, the establishment so far by the Issuer and entities from its capital group of registered pledges up to a total of PLN 200 million
– in order to secure the receivables of (i) bondholders of F1 series bonds and (ii) bondholders of B1, E1, PA01, PA02 series bonds issued by the Issuer prior to the issue date of F1 series bonds, the terms of which contained a clause on equal treatment of creditors (pari passu) („Bonds”).
The pledges referred to in this report have been established in accordance with the Issue Conditions. The above collaterals constitute a third set of collaterals securing bondholders’ claims under Bonds, established in accordance with the Terms of Issue. The Issuer shall inform by way of a separate current report about the establishment of further Bond collaterals in accordance with the Terms of Issue.
