Bank Millenium bonds worth PLN 300 mln debut on Catalyst

The board of the Warsaw Stock Exchange has announced that commercial lender Bank Millenium will start trading 300,000 N series bonds on Catalyst on July 24. The nominal value of each bond stands at PLN 1,000, which means that the company will raise PLN 300 million, the board announced. The new bonds have a floating interest rate that will be determined based on the WIBOR 6M interest rate plus a profit margin. The bonds are maturing in June 2018. Bank Millennium is a a unit of Portuguese Millennium BCP. It has been listed on the WSE since 1992.