Poland
-
The Polish government and a state owned development bank have both made a rare appearance in the MTN market. -
-
Poland cemented its position as one of CEE’s most nimble and savvy issuers on Tuesday by printing a 30 year euro deal — only the second ever from a non-Eurozone sovereign — in an opportunistic trade.
-
Polish banks will be anxious to follow PKO Bank Hipoteczny which on Monday enjoyed a superb reception for its euro benchmark covered bond — the first from the country. Bill Thornhill reports.
-
Poland cemented its position as one of EM’s most nimble and savvy issuers on Tuesday by printing a 30 year euro deal — only the second ever from a non-Eurozone sovereign — in an opportunistic trade.
-
The CEEMEA bond market exploded into life this week in what will be one of the busiest of the year. Saudi Arabia is leading the action with its much-anticipated bond but Turkey made an impressive comeback with four of its banks in the market following Friday’s sovereign trade. Further supply from Poland, Russia, the Middle East and Africa is adding plenty of diversity for investors.
-
Republic of Poland raised €500m with its longest ever syndicated bond as part of its push to extend the average duration of the country’s debt by taking advantage of low rates, as Slovenia made plans to reduce debt costs by buying back three of its dollar bonds.
-
The Polish national champion successfully issued its first euro denominated covered bond benchmark on Monday, and the first publicly syndicated deal ever issued by a Polish bank in the euro market.
-
Lenders are preparing the financing package for the $3.2bn leveraged buyout of Polish online retailer Allegro. A loan for the deal is likely to be mostly dollar denominated, bankers said.
-
Next week is likely to be one of the busiest in the fourth quarter in covered bonds, as a string of debut deals emerge, along with the first ever publicly syndicated euro benchmark from Poland.
-
Poland’s Bank Gospodarstwa Krajowego (BGK) is tapping the 10 year bond with which it made its debut earlier this year.
-
Zdzisław Sokal is the President of the Bank Guarantee Fund (BGF) and an adviser to the President of the Republic of Poland. He also serves as a member of the Polish Financial Supervision Authority. In this interview with GlobalCapital, he discusses the role of the BGF and the challenges facing the Polish banking sector today.
