Alior Bank secures approval for PLN 5 Billion financial instrument issuance
Alior Bank received approval from the Polish Financial Supervision Authority (KNF) to issue up to PLN 5 billion worth of unique financial instruments called "bankowe prawa pochodne" (BPP). This prospect, valid for 12 months, allows the bank to introduce these instruments to the stock market. BPP resemble bonds and other investment certificates but offer more flexibility. They can provide monetary returns or grant rights to acquire financial instruments like shares, bonds, or warrants. BPP may offer full, partial, or no capital protection, with the latter being introduced to regulated markets like the Warsaw Stock Exchange. Alior Bank plans to issue BPP with full capital protection, and specific details will be set during each issuance.
(pb.pl)
