Poland: PKO BP Bond Rated A2

People ♦ Published: January 23, 2014; 12:08 ♦ (Vindobona)

Rating agency Moody’s gave an “A2” with a negative outlook on the € 500m bond by Polish key lender PKO BP.

Poland: PKO BP Bond Rated A2 / Picture: © PKO Bank Polska

The bond in the amount of € 500m, which will mature in January 2019, was given an “A2” with negative outlook by Moody’s. The five year Euro bond was issued last week under the € 3bn-worth EMTN program. According to deputy CEO of PKO BP, Jakub Papierski, the paper was valued at 115 basis points above mid-swaps.

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