PKO joins growing green covered bond ranks

By Bill Thornhill
06 Jun 2019

PKO Bank Hipoteczny issued its debut green covered bond on Wednesday, the first deal of its type from Poland. This deal is the ninth covered bond with an environmental and social governance (ESG) purpose to have been launched this year and, according to Commerzbank research.

The Z250m (£65.2m) floating rate covered bond due September 2024 was priced at 60bp over three month Wibor through joint leads PKO Bank Polski, Bank Pekao, Santander Bank Polska, mBank and ING Bank Śląski.

“With the issue of green covered bonds, sustainable development becomes ...

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