HSBC and PKO BP to issue CHF bonds

HSBC Bank and PKO BP will jointly launch an issue of CHF-denominated bonds, the Polish Ministry of Finance informed. The value will not be "large." "The Ministry of Finance informs that HSBC Bank and PKO Bank Polski were given a mandate to organize an issue of CHF-denominated bonds. The transaction will be conducted in the near future, depending on market conditions," a press release from the ministry read. The value of the issue will not be large, due to "restrictive financial conditions" expected by the ministry. The funds raised through the issue will be committed to buyout of some part of the CHF-denominated bonds maturing in May, the ministry also reported.