PKO BP bank sells EUR 500 worth euro bonds
January 17, 2014
Poland's largest lender, bank PKO BP, issued 5-year euro bonds worth EUR 500 million under the EUR 3 billion EMTN program, taking advantage of positive market sentiment, deputy CEO Jakub Papierski told reporters.
"Today the bank managed to place another large tranche in euro," Papierski said. "We entered the market in the morning to get EUR 500 million."
"We wanted to take advantage of the positive sentiment on the market," he said. "Demand exceeded the final value of transaction four times."
The paper was priced at 115 bps above MidSwap, according to Papierski.
The bank does not rule out further transactions in "mid-2014 or H2" if the positive trend observed over the recent weeks continues, deputy CEO added.