PKO BP will issue covered bonds

Poland's largest lender, PKO BP will issue its covered bonds worth PLN 500 million in the mid-2015, the Polish Press Agency reported. It is the first such issue in the lender's history. "We are going to conduct the first issue of covered bonds in the midyear. We are planning next issues, they will take place a the end of the current year," said Rafał Kozłowski, the CEO of PKO Bank Hipoteczny. "The first issue will be valued at PLN 500 million, domestic investors are the target," Kozłowski added.