PZU places €350 worth bond issue

Poland's largest insurer PZU has managed to place a bond issue valued at €350, CEO Andrzej Klesyk informed on twitter. "In the so called 'meantime', me and my CFO placed €350 bonds in nearly three hours," Klesyk tweeted. The bonds had secured an "A-" provisional rating from Standard & Poor's agency, the company informed earlier. In July last year, PZU issued bonds worth €500 million. PZU is planning to trade both eurobond packages on the Irish Stock Exchange.