Bank Pocztowy, whose bonds were newly listed on Catalyst on 2 December, introduced PLN 47.34 million of debt instruments (nominal value PLN 10,000 per bond) to the alternative trading system operated by the Exchange. It is the 98th issuer on the WSE debt market and the sixth bank to issue corporate bonds after Bank Gospodarstwa Krajowego, Bank Ochrony Środowiska, the European Investment Bank, Getin Noble Bank and Bank PKO BP. In addition, mortgage bonds issued by Pekao Bank Hipoteczny and BRE Bank Hipoteczny as well as bonds of 20 co-operative banks are also in trading on Catalyst.
“The Catalyst market is the Warsaw Stock Exchange’s original project reinforcing the stability of the Polish banking sector,” said Warsaw Stock Exchange CEO Ludwik Sobolewski.
The bonds’ interest rate is WIBOR 6M + 3.75% margin p.a. on the nominal value. Interest is paid semi-annually. The current interest rate of the bonds is ca. 8.51%. The first interest payment date is 8 January 2012. The margin will be raised to 5.25% after 8 July 2016.
The bonds redemption date is 8 July 2021 (10 years after issue date), which is also an interest payment date. The Bank holds an early redemption option.
The Issuer is planning to have the bonds listed at a later date also in the alternative trading system operated by BondSpot SA.
