Profil:
PKO BP SAPKO BP mortgage unit's will issue covered bonds worth up to PLN 1 billion
Poland's largest lender by assets PKO BP's mortgage unit, PKO Bank Hipoteczny has adopted a resolution to issue up to 1,000,000 Series 1N mortgage covered bonds, with a total nominal value of up to PLN 1 billion (EUR 235.3 mln), with the option to increase the total nominal value of the issue to PLN 1.2 billion (EUR 282.4 mln), the bank said in a market filing.
The covered bonds will be issued under the national mortgage covered bond program, with a total nominal value of issued and outstanding covered bonds of up to PLN 10 billion (EUR 2.34 bln).
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