Profil:
BNP Paribas Bank Polska SABNP Paribas BP lender to sell EUR 630 mln worth capital bonds to BNP Paribas
Paris-based BNP Paribas has accepted the proposal to purchase the capital bonds with a total nominal value of EUR 630 million presented by its Polish unit, listed lender BNP Paribas Bank Polska, the latter announced in a market filing. BNP Paribas BP assumes that the funds obtained from the issue will replace the funds obtained from subordinated loans in the amounts of CHF 90 million and PLN 2.3 billion.
The first of these loans is subject to prudential amortisation (as of September 30, 2025, amortised at 17 percent), while amortisation of the second loan begins on December 10, 2025.
Early repayment of these loans, subject to prior approval by Poland's financial market regulator KNF, is planned for the fourth quarter of 2025.
The nominal value of one bond is EUR 100,000. The maturity date of the bonds is October 10, 2040.
The interest rate on bonds has been determined based on the compounded daily STR plus the margin. The interest rate has been established on market terms.
The terms and conditions of the bonds issuance provide for the possibility of their early redemption by BNP Paribas BP after 10 years from the date of issue after obtaining the relevant consent from Poland's financial market regulator KNF.
The bonds will be qualified to the lender's own funds as Tier 2 instruments after obtaining the relevant consent from KNF.
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