Bank Pocztowy to issue bonds worth PLN 1 bln

Poland's financial watchdog KNF has approved Bank Pocztowy's prospectus to issue bonds worth up to 1 billion zlotys, KNF said on Monday. According to the prospectus, the lender will issue 10 million bonds valued at PLN 100 each. The bonds will be listed on the Catalyst market. In the first tranche, Bank Pocztowy will sell bonds worth PLN 50 million maturing in ten years, with a floating interest that will be determined based on the WIBOR 6M interest rate, plus 2.8 percent. In the first interest period, the bonds will have a fixed interest rate of 4.5 percent.