Profil:
BNP Paribas Bank Polska SABNP Paribas BP lender issues PLN 650 mln capital bonds
Listed lender BNP Paribas Bank Polska has issued capital bonds with a total nominal value of PLN 650 million (EUR 150.9 mln), which have been acquired by BNP Paribas SA, the bank said in a market filing.
The bonds are to be qualified for the bank's own funds as additional instruments in Tier 1 capital after Poland's financial market regulator KNF has given the appropriate approval.
The terms and conditions of the capital bond issue do not provide for the possibility of conversion into bank shares, but only the possibility of their redemption in the form of an interim write-off.
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