Obligation Krajowa Gospodarka Bank 1.75% ( XS1403619411 ) en EUR

Krajowa Gospodarka Bank

100 % ⇌

Pologne

XS1403619411 ( en EUR )

1.75% par an ( paiement annuel )

06/05/2026 - Obligation échue

Prospectus brochure de l'obligation Bank Gospodarstwa Krajowego XS1403619411 en EUR 1.75%, échue

Bank Gospodarstwa Krajowego (BGK) est une banque publique polonaise qui soutient le développement économique du pays en fournissant des financements et des services aux entreprises, aux collectivités locales et aux autres entités publiques.

L'Obligation émise par Krajowa Gospodarka Bank ( Pologne ) , en EUR, avec le code ISIN XS1403619411, paye un coupon de 1.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 06/05/2026

EXECUTION VERSION
FINAL TERMS
Final Terms dated 19 October 2016
BANK GOSPODARSTWA KRAJOWEGO
(state bank incorporated under the laws of the Republic of Poland)
Guaranteed by
THE STATE TREASURY OF THE REPUBLIC OF POLAND
Issue of 200,000,000 1.75 per cent. Guaranteed Notes due 2026
(the "Notes")
(to be consolidated and form a single series with the 500,000,000 1.75 per cent. Guaranteed Notes due
2026 (the "Original Notes"))
under the 1,000,000,000
Euro Medium Term Note Programme
PART A -- CONTRACTUAL TERMS
This document constitutes the Final Terms relating to the issue of Notes described herein. Terms used herein
shall be deemed to be defined as such for the purposes of the Conditions set forth in the offering circular dated 4
May 2016, as supplemented on 14 October 2016 (the "Offering Circular"). These Final Terms contain the final
terms of the Notes and must be read in conjunction with such Offering Circular.
1.
Issuer:
Bank Gospodarstwa Krajowego
2.
Guarantor:
The State Treasury of the Republic of Poland
3.
Date of Guarantee of the Notes:
19 October 2016
4.
(i)
Series Number:
1

(ii)
Tranche Number:
2
The Notes will be consolidated and will form a
single series with the Original Notes on exchange
of the Temporary Global Note for interests in the
Permanent Global Note, as referred to in Paragraph
26 below
5.
Specified Currency or Currencies:
Euro ("")
6.
Aggregate Principal Amount:

(i)
Series:
700,000,000
(ii)
Tranche:
200,000,000
7.
Issue Price:
104.147 per cent. of the Aggregate Principal
Amount, plus 168 days' accrued interest from (and
including) the Interest Commencement Date to (but
excluding) the Issue Date (amounting to
1,610,958.90)
8.
(i)
Specified Denominations:
100,000 and integral multiples of 1,000 in excess
thereof

(ii)
Calculation Amount:
1,000
9.
(i)
Issue Date:
21 October 2016

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EXECUTION VERSION

(ii)
Interest Commencement Date:
6 May 2016
10.
Maturity Date:
6 May 2026
11.
Interest Basis:
1.75 per cent. Fixed Rate

(further particulars specified below)
12.
Redemption/Payment Basis:
Redemption at par

13.
Change of Interest or Redemption/Payment
Not Applicable
Basis:
14.
Put/Call Options:
Not Applicable

15.
Status:
Senior
16.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
17.
Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
1.75 per cent. per annum payable annually in arrear

(ii)
Interest Payment Date(s):
6 May in each year commencing on 6 May 2017 up
to (and including) the Maturity Date adjusted for
payment purposes only in accordance with the
Following Business Day Convention

(iii)
Fixed Coupon Amount:
17.50 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA)

(vi)
Other terms relating to the method
Not Applicable
of calculating interest for Fixed
Rate Notes:

18.
Floating Rate Note Provisions
Not Applicable
19.
Zero Coupon Note Provisions
Not Applicable
20.
Index-Linked Interest Note Provisions
Not Applicable
21.
Dual Currency Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
22.
Call Option
Not Applicable
23.
Put Option
Not Applicable
24.
Final Redemption Amount of each Note
1,000 per Calculation Amount
25.
Early Termination Amount
Not Applicable

Early Termination Amount(s) payable on

event of default and/or the method of
calculating the same (if required or if
different from that set out in the

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EXECUTION VERSION
Conditions):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
26.
Form of Notes:
Bearer Notes:

Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes in the limited circumstances
specified in the Permanent Global Note.

Notes shall not be physically delivered in Belgium,
except to a clearing system, a depositary or other
institution for the purposes of immobilisation in
accordance with article 4 of the Belgian law of
December 2005.
27.
New Global Note form:
Applicable
28.
Additional Financial Centre(s) or other
Not Applicable
special provisions relating to Payment
Dates:
29.
Talons for future Coupons to be attached to
No
Definitive Notes (and dates on which such
Talons mature):
30.
Details relating to partly paid Notes:
Not Applicable
amount of each payment comprising the
Issue Price and date on which each payment
is to be made and consequences (if any) of
failure to pay, including any right of the
Issuer to forfeit the Notes and interest due
on late payment:
31.
Details relating to instalment Notes: amount Not Applicable
of each instalment, date on which each
payment is to be made:
32.
Redenomination, renominalisation and
Not Applicable
reconventioning provisions:
33.
Other terms or special conditions:
Not Applicable
DISTRIBUTION
34.
(i) If syndicated, names of Managers:
BNP Paribas, HSBC Bank plc, Société Générale

(ii) Stabilising Manager (if any):
HSBC Bank plc
35.
If non-syndicated, name of Dealer:
Not Applicable
36.
TEFRA:
The D Rules are applicable
37.
Additional selling restrictions:
Not Applicable
LISTING APPLICATION
These Final Terms comprise the final terms required to list the issue of Notes described herein pursuant to
the 1,000,000,000 Euro Medium Term Note Programme of Bank Gospodarstwa Krajowego guaranteed
by the State Treasury of the Republic of Poland.

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EXECUTION VERSION
PART B -- OTHER INFORMATION
1.
LISTING

(i)
Listing:
Luxembourg

(ii)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the regulated market of the
Luxembourg Stock Exchange with effect from the
Issue Date.
The Original Notes have been admitted to trading
on the regulated market of the Luxembourg Stock
Exchange.
2.
RATINGS

The Notes to be issued are expected to be rated:

Fitch Ratings Limited:
A- (Stable)
3.
INTEREST OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save for any fees payable to the Managers so far as the Issuer is aware, no person involved in the
offer of the Notes has an interest material to the offer.
4.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i)
Reasons for the offer:
The net proceeds from the issue of Notes will be
applied by the Issuer for funding the National Road
Fund.
5.
YIELD

Indication of yield:
1.285 per cent. per annum

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield.
6.
OPERATIONAL INFORMATION

ISIN Code:
Until the Notes are consolidated, become fungible
with and form a single Series with the Original
Notes, the Notes will have the temporary ISIN
Code of XS1507458377. After that, the Notes will
have the same ISIN Code as the Original Notes,
which is XS1403619411

Common Code:
Until the Notes are consolidated, become fungible
with and form a single Series with the Original
Notes, the Notes will have the temporary Common
Code of 150745837. After that, the Notes will have
the same Common Code as the Original Notes,
which is 140361941

Intended to be held in a manner which
Yes. Note that the designation "yes" simply means
would allow Eurosystem eligibility:
that the Notes are intended upon issue to be
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra day credit
operations by the Eurosystem either upon issue or

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EXECUTION VERSION
at any or all times during their life. Such
recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have
been met.

Any clearing system(s) other than Euroclear Not Applicable
Bank SA/NV and Clearstream Banking,
société anonyme and the relevant
identification number(s):

Delivery:
Delivery against payment

Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):

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