Budimex.pl

Aktuální report č. 53 / 2013

Datum: 22. srpna 2013

Budimex and Alior Bank sign agreement on limit guarantee

The Management Board of Budimex S.A. announces that on 22 August 2013 Budimex received from Alior Bank SA a signed copy of the agreement for a limit on guarantee products. Under the agreement, Budimex may order the bank to issue bank guarantees of up to a total sum of PLN 100,000,000 (one hundred million zloty). The agreement has been concluded for the period up to 20 August 2014.
As a performance guarantee to the contractual obligations of Budimex, the Company has granted the Bank a power of attorney for its bank account. Moreover, to each guarantee issued by the Bank within the limit, Budimex will submit a declaration of submission to bank execution concerning liabilities resulting from the guarantee.
Other terms and conditions are standard for this type of agreement.
The contractual value exceeds 10% of the equity of Budimex SA.

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