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PKO BP SAUPDATE: PKO BP's mortgage unit shortens subscription period for mortgage bonds to October 9
Poland's largest lender by assets PKO BP's mortgage unit PKO Bank Hipoteczny has decided to shorten the subscription period for mortgage bonds to October 9, the bank announced in a statement. Originally, the subscription period was to end on October 21, 2025.
PKO BH offers retail customers mortgage bonds with a total value of PLN 1 billion (EUR 235.1 mln). The nominal value of one bond is PLN 1,000 (EUR 235.10).
According to earlier information, for the first six months from the date of issue, the bonds will bear a fixed interest rate of 5 percent. Subsequently, their interest rate will be variable and will amount to 25 basis points above Poland's central bank NBP reference rate.
In September, the bank also announced that it was planning further issues. It added that the bonds would be listed on the Warsaw Stock Exchange on the Catalyst market, with the first listing planned for late October or early November.
This is the first issue of mortgage bonds by PKO Bank Hipoteczny in approximately 100 years.
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