PKO BP with PLN 1 bln bond issue program

WSE-listed lender PKO BP plans to issue 10-year subordinated bonds with a value of up to PLN 1 billion, the bank said in a market filing. The papers will have a call option to be redeemed after five years. Funds obtained from the issue will be allocated to the Tier 2 supplementary capital pending KNF approval. The nominal value of one bond will be PLN 500,000.