Polish Getin Noble Bank passes EUR 0.36bn bond programme

By bne IntelliNews July 9, 2014

The supervisory board of Getin Noble Bank has approved of the public bond issue programme worth of up to PLN 1.5bn (EUR 0.36bn). The lender plans to submit a prospectus related to the pending public offering of the bonds within days.

Under the new scheme, the bank wants to issue at least two tranches of bonds no later than 12 months. The notes are designed to be floated on the Warsaw Stock Exchange's bond market Catalyst.

A few days ago, Getin Noble Bank sold three-year bonds worth of PLN 350mn under the recently enlarged bond issue programme totalling PLN 2.0bn to institutional investors.

Getin Noble Bank is the second biggest bank controlled by Polish capital. We target our services at individual clients, small and medium-sized enterprises, local governments and corporations.

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