Locked content ERBD buys PLN 133 mln worth of PKO BP subordinated bonds

The European Bank for Reconstruction and Development purchased PLN 133 million worth of PKO BP subordinated bonds, from the recent PLN 1 billion issue. “We welcome the successful placement of the PKO BP bond and we are pleased to take part in this transaction. It will help PKO BP to obtain long-term...

Locked content 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 appr...

Locked content BZ WBK with PLN 1 bln subordinated bonds issue

WSE-listed lender BZ WBK plans to issue up to PLN 1 billion in subordinated bonds by June 30, 2018, the bank said in a market filing. The bank will seek Financial Supervision Authority’s (KNF) approval to qualify the bonds as Tier II instruments and will be issued all at once or in several tra...

Locked content PKO BP sells PLN 1.7 bln subordinated bonds

WSE-listed lender PKO BP sold PLN 1.7 billion in subordinated 10-year bonds, with the paper priced at 155 bps above WIBOR 6M, the bank said in a market filing. PKO BP reserved a 5-year call option for the bonds. The bank will seek to float the bonds on the Catalyst market. Funds from the issue…...

Locked content PZU to sell PLN 2.25 bln subordinated bonds

WSE-listed, state-owned insurer PZU will sell PLN 2.25 billion in subordinated bonds maturing at 1.8 percent over 6M WIBOR. The bonds will mature in 2027. Pricing is in line with earlier reports. The issue was possible thanks to the law signed by President Andrzej Duda, which allows insurers to inco...