PKO BP sells PLN 1.7 bln subordinated bonds

WSE-listed lender PKO BP sold PLN 1.7 billion in subordinated 10-year bonds, with the paper priced at 155 bps above WIBOR 6M, the bank said in a market filing. PKO BP reserved a 5-year call option for the bonds. The bank will seek to float the bonds on the Catalyst market. Funds from the issue will be used to increase the bank’s assets.