Profil:
PKO BP SAPKO BP's mortgage unit sees PLN 1.555 bln demand for mortgage bonds
The demand for mortgage bonds issued by Poland's largest lender by assets PKO BP's mortgage unit PKO Bank Hipoteczny amounted to PLN 1.555 billon (EUR 365.1 mln), PKO BP has announced in a press release.
Earlier, PKO Bank Hipoteczny shortened the subscription period by almost two weeks and at the same time increased the offer to enable all subscribed investors to participate. The initial offer amount was PLN 1 billion (EUR 234.8 mln).
This was PKO BH's first issue for individual investors. The maturity date for this offer was set for November 2028, with an interest rate of 5 percent per annum in the first interest period and the Poland's central bank NBP reference rate + 0.25 percentage points in subsequent interest periods.
"We are delighted that customers have responded so quickly to our new investment offer. This is a sign for us that we have made the right decision and that Poles are ready for long-term, secure financial instruments," said PKO BH's CEO Wojciech Papierak, quoted in the press release.
"We want these bonds to become a permanent feature of the Polish investment market," he addeed.
The bank announced that the securities will most likely be traded on the bond market Catalyst at the end of October 2025.
PKO Bank Hipoteczny is considering further issues of mortgage bonds aimed at retail customers in the coming years.
seb/ ao/
