Pekao launches bookbuilding on PLN 1 bln bond issue

The management board of WSE-listed Bank Pekao approved the decision to launch a bookbuilding process for PLN 1 billion worth of 10-year bonds in non-public issuance. “The maximum total face value of the issue will be up to PLN 1 billion, the bond’s interest rate will be based on the WIBOR6M reference rate, increased by the margins established in the bookmaking process, bonds will be unsecured and will have a ten-year maturity,” Pekao said in a market filing. The issuance date is tentatively scheduled for October, but could change depending on the market conditions.