PKO Bank Hipoteczny's own bonds
PKO Bank Hipoteczny bonds are another source of financing for housing loans and purchased loan receivables. They enable PKO Bank Hipoteczny to diversify its operations. They will also provide bridge financing until the next mortgage bonds are issued.
- Bond Issue Programme
Under the Bond Issue Programme launched on 30 September 2015, PKO Bank Hipoteczny may issue bonds on the domestic market up to the amount of PLN 6.0 billion. PKO Bank Hipoteczny will issue securities denominated in PLN with maturities ranging from 1 to 36 months. Under the Programme, PKO Bank Hipoteczny has appointed PKO Bank Polski to act as Documentation Agent, Calculation Agent, Organiser (Arranger), Dealer and Placement Guarantor. The role of Issue Agent is performed by the Brokerage Office of PKO Bank Polski.
PKO Bank Hipoteczny is a member of the PKO Bank Polski Capital Group, specialising in mortgage lending. As a mortgage bank, it has a limited range of activities, in accordance with Article 12 of the Act on Covered Bonds and Mortgage Banks, and is subject to special supervision by the Polish Financial Supervision Authority. PKO Bank Hipoteczny's business model is based on close cooperation with PKO Bank Polski in order to achieve synergies within the Capital Group in the use of IT tools, risk assessment methodologies, knowledge and experience.
PKO Bank Hipoteczny bonds are another source of financing for housing loans and purchased loan receivables. They will enable PKO Bank Hipoteczny to diversify its operations. They will also provide bridge financing until the next mortgage bonds are issued.
This material is for informational purposes only and does not constitute an offer to purchase Bonds within the meaning of the Act of 15 January 2015 on bonds or a public offering within the meaning of the Act of 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organised trading and on public companies.
- Prospectus approved on 31 May 2019
On 31 May 2019, the Polish Financial Supervision Authority approved the Base Prospectus for the issue of own bonds offered in the Republic of Poland by PKO Bank Hipoteczny. The organiser of the Issue Programme is PKO Bank Polski, and the Offeror is the Brokerage Office of PKO Bank Polski.
PKO Bank Hipoteczny's own bonds are listed on the parallel market of the Warsaw Stock Exchange.
Serial number Bond number (ISIN code) Date of issue Redemption date Series value (PLN) Interest rate Currency Rating Place of listing Date of submission of the issuer's statement* 1 PLPKOHP00140 11.07.2019 12.07.2021 50 000 000 WIBOR3M+60 pb. PLN none parallel market of the Warsaw Stock Exchange 27.09.2019 2 PLPKOHP00157 10.07.2019 10.01.2020 161 500 000 WIBOR6M+30 pb. PLN none parallel market of the Warsaw Stock Exchange - 3 PLPKOHP00165 28.08.2019 30.08.2021 45 000 000 WIBOR3M+60 pb. PLN none parallel market of the Warsaw Stock Exchange 27.09.2019 4 PLPKOHP00173 17.10.2019 18.10.2021 40 000 000 WIBOR3M+60 pb. PLN none parallel market of the Warsaw Stock Exchange 31.12.2019 5 PLPKOHP00181 18.12.2019 20.12.2021 30 000 000 WIBOR3M+60 pb. PLN none parallel market of the Warsaw Stock Exchange 20.01.2020 *The column shows the dates on which PKO Bank Hipoteczny, as the issuer, pursuant to Article 26(1ab) of the Act of 15 February 1992 on corporate income tax (Journal of Laws of 2019, item 865, as amended), submitted to the tax authority an issuer's statement on exercising due diligence in informing related entities about the conditions for exemption for the issue of a given series of bonds. It should be noted that payers make their own assessment of the application of a specific tax exemption.
Documents related to the issue of PKO Bank Hipoteczny's own bonds, including the Base Prospectus, can be found in the Polish web site version.