PKO Bank Hipoteczny mandates banks for its EUR benchmark covered bond issuance

2019-01-21

PKO Bank Hipoteczny has mandated HSBC, LBBW, PKO Bank Polski, Raiffeisen Bank International AG, SG CIB and UniCredit as Joint Bookrunners for its potential Euro denominated, bearer RegS covered bond benchmark transaction backed by Polish PLN-denominated residential mortgage loans.

The issue is expected to have a short 3 year maturity and to have a rating of Aa3 from Moody's (capped at country ceiling level). FCA/ICMA stabilization applies.

On the 5^th September 2018 the Commission de Surveillance du Secteur Financier in Luxembourg approved the Base Prospectus for PKO Bank Hipoteczny’s international covered bond programme. The programme stipulates that the covered bonds may be admitted to trading on the stock exchanges in Luxembourg and Warsaw.

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