PZU plans PLN 3 bln bond issue

WSE-listed, Poland's largest insurer PZU plans to issue up to PLN 3 billion subordinated bonds issue, pending shareholders approval. The potential issue would be a private one and could be placed on domestic or international markets depending on market conditions and demand. The lender commissioned a market study from several banks, including Pekao, BZ WBK, ING BSK, mBank and PKO BP banks.