Reuters logo
Poland's PKO mortgage bank plans benchmark eurobond issue
March 7, 2017 / 9:16 AM / 7 months ago

Poland's PKO mortgage bank plans benchmark eurobond issue

WARSAW, March 7 (Reuters) - PKO Bank Hipoteczny, owned by top Polish lender PKO BP, plans to issue eurobonds backed by a portfolio of zloty-denominated mortgages, the bank said on Tuesday.

It said the issue would be worth at least 500 million euros ($529 million) and that it has mandated banks LBBW, PKO BP, Santander, SG CIB, and UniCredit as joint bookrunners to arrange a series of investor meetings in Europe.

“A euro-denominated ... covered bond benchmark transaction backed by Polish PLN-denominated residential mortgage loans will follow, subject to market conditions,” PKO Bank Hipoteczny said in a statement.

$1 = 0.9448 euros Reporting by Marcin Goclowski; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below