PKO Bank Polski and PKO Bank Hipoteczny, as the first banks in Poland, have joined the Energy Efficient Mortgages (EEM) Pilot Scheme. The Initiative aims at creating standardized, pan-European solutions for mortgage loans for residential mortgages both apartments and houses, including energy-efficient solutions.
PKO Bank Hipoteczny offered covered bonds with a nominal value of EUR 500 million to a wide range of institutional investors. The bonds will mature on 23rd November 2021. A spread of 34 bps over EUR Mid-Swaps was set after the official bookbuilding process which was conducted on 21st January 2019.