PKO returns to Swissies after window opens
PKO Bank Polski issued in Swiss francs for the first time in five years this week amid an improving basis swap out of the currency that is opening up a window for deals.
PKO does not often issue often, as it is mostly deposit funded, but was once a more regular issuer in the market.
“PKO has some Swiss franc funding, and wants to diversify from the Polish market,” said one banker on the deal.
Leads Credit Suisse
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