BZ WBK prices PLN 1 bln subordinated bond issue

WSE-listed lender BZ WBK has priced its PLN 1 billion subordinated 10-year bonds at 160 bps over 6M WIBOR, the bank said in a market filing announcing closing the books on this issue. The bank has reserved the right to redeem the papers after 5 years from the issue date. The nominal value of one bond has been set at PLN 500,000 and BZ WBK plans to float them on the Catalyst market.