Pekao sold mortgage bonds worth PLN 50 mln

Pekao Bank Hipoteczny, a mortgage unit of large-cap bank Pekao, has sold mortgage-backed covered LZ-II-14 series bonds worth PLN 50 million in total, the bank informed on Friday. The issue was made in the framework of its PLN 2 billion bonds program. In July, Pekao Bank Hipoteczny had its PLN 1.3 billion in covered bonds affirmed at 'A' with negative outlook by Fitch rating agency. More than 60 percent of the bank's cover pool consists of euro (31.9 percent), Swiss franc (31.5 percent) or US dollar (0.3 percent) denominated assets.