Bonds

PLN series B Bonds

Key Information

Issuer:  Cyfrowy Polsat S.A.  
Series/ISIN: Series B, PLCFRPT00047 (CPS0426)  
Stock Exchange: Catalyst (ASO GPW) 
Nominal value: PLN 1,000  
Number of bonds: 1,000,000  
First and last days of interest periods: April 26 and October 26 (excl. the last interest period where the last day is April 24)  
Interest: variable  
WIBOR 6M + 175 bps  if leverage ratio <3.5x
WIBOR 6M + 200 bps if leverage ratio  3.5-4.0x
WIBOR 6M + 250 bps if leverage ratio >4.0x
Maturity: April 24, 2026
Method of offering bonds: public offer to professional clients
Security: none  
Call Schedule: Date: Call price:
  until April 26, 2020  103.00%
  until April 26, 2021  101.50%
until April 26, 2022 100.75%
until April 26, 2023 100.50%
after April 26, 2023 100.00%

Documents related to the issue of series B Bonds

PLN series C Bonds

Key information

Issuer: Cyfrowy Polsat S.A.
Series/ISIN: Series C PLCFRPT00054 (CPS0227)
Stock Exchange: Catalyst (ASO GPW)
Nominal value: 1,000 PLN
Number of bonds: 1,000,000
First and last days of interest periods:

14 February and 14 August (excl. the last interest period where the last day is 12 February)

Interest: variable
WIBOR 6M + 165 bps if leverage ratio is lower or equal to 3.5x
WIBOR 6M + 190 bps if leverage ratio is higher than 3.5x but lower or equal to 4.0x
WIBOR 6M + 240 bps if leverage ratio is higher than 4.0x
Maturity: 12 February 2027
Method of offering bonds: public offer of securities directed solely to professional investors
Security: unsecured
Purpose of the issuance: Refinancing the costs incurred by the Issuer and its subsidiaries in the years 2017-2019 to improve their energy efficiency, reduce the number of used electronic components and thereby reduce the carbon footprint of the Issuer and its subsidiaries, in line with the Green Bond Framework available at the Issuer’s web site and positively verified for compliance with the Green Bond Principles 2018, as confirmed in an independent expert opinion (Second Party Opinion).
Call Schedule: Date: Call price:
until13 February 2021 103.00%
  from 14 February 2021 until 13 February 2022 101.50%
from 14 February 2022 until 13 February 2023 100.75%
from 14 February 2023 until 13 February 2024 100.50%
from 14 February 2024 100.00%

Documents related to the issue of series C Bonds

Ratings

corporate rating of the Grouplast update
Standard & Poors BB+, positive December 18, 2018
Moody's Ba1, stable June 11, 2019

Analysts responsible for Cyfrowy Polsat's credit ratings:

Standard & Poors
Justine Miquee
e-mail: justine.miquee@spglobal.com

Moody's
Victor Garcia Capdevila
e-mail: victor.garciacapdevila@moodys.com 
http://www.moodys.com/

Last updated 03/05/2020