June 27, 2017 / 3:28 PM / in 5 months

Poland's PZU to issue PLN 2.25 bln in subordinated bonds

WARSAW, June 27 (Reuters) - Poland’s largest issuer PZU said on Tuesday that will issue 2.25 billion zlotys ($602.64 million) worth of subordinated bonds.

The bank said in a statement that the 10-year bonds will carry a floating rate which would be a sum of Polish 6-month interbank deposit rate plus 180 basis points. ($1 = 3.7336 zlotys) (Reporting by Lidia Kelly and Pawel Sobczak)

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