PKO BP sells PLN 1 bln subordinated bonds

WSE-listed lender PKO BP sold 1 billion subordinated bonds. The 10-year papers were priced 150 bps above WIBOR 6M. The bank has reserved a call option for early redemption after 5 years and hopes to allocate the funds from the issue in its Tier 2 capital, pending Financial Supervision Authority approval. PKO BP plans to…

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