PKO BP sells PLN 1 bln subordinated bonds
21:41
WSE-listed lender PKO BP sold 1 billion subordinated bonds. The 10-year papers were priced 150 bps above WIBOR 6M. The bank has reserved a call option for early redemption after 5 years and hopes to allocate the funds from the issue in its Tier 2 capital, pending Financial Supervision Authority approval.
PKO BP plans to float the papers on bond trading platform Catalyst.
