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Poland's PKO mortgage bank plans benchmark eurobond issue
March 7, 2017 / 9:15 AM / 9 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

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