Bank Pocztowy eyes bond issue

Lender Bank Pocztowy plans to carry out a debt issue worth PLN 100-200 million, management board member Michał Sobiech was quoted as saying by ISBnews. “The final value will depend of the structure of the balance sheet and on the price. They may even be five-year securities,” Sobiech said at a press conference. Bank Pocztowy is obliged to carry out the issue in order to fulfill a requirement from Poland’s financial regulator KNF on increasing the level of long-term liabilities in its balance sheet. Last month Bank Pocztowy carried out a private placement of bonds worth PLN 40 million.