Bank Pocztowy approves PLN 500 mln bond program

State-owned Bank Pocztowy’s shareholders approved a 500 million bond program, the company said in a market filing. According to the lender bonds issued under the scheme may be issued under the public offer or by offering a non-public offering, and they will only be offered to institutional investors. The number of issues or whether they’ll be subordinated or not will be determined at a later date, and could be listed on the WSE’s bond trading platform Catalyst.