Covered bonds are a type of debt paper secured by payments on mortgage loans. The high level of safety of PKO Bank Hipoteczny’s covered bonds has been confirmed by the rating agency Moody’s, which assigned them Aa3 rating, the highest possible level for Polish securities (the Country Ceiling level).

See more general information about covered bonds.

Issuing covered bonds is PKO Bank Hipoteczny’s key task. Currently, the Bank conducts two issuance programmes:

  • Domestic Programme of Covered Bond Issuance
  • International Programme of Covered Bond Issuance

Domestic Programme of Covered Bond Issuance

On 12 November 2015, the Financial Supervision Authority approved the Base Prospectus of Domestic Programme of Covered Bond Issuance. PKO Bank Hipoteczny’s covered bonds are listed on the Warsaw Stock Exchange’s parallel market and on the off-exchange market Bondspot.

See more information about domestic program of covered bonds.

International Programme of Covered Bond Issuance

On 28 September 2016, the Commission de Surveillance du Secteur Financier in Luxembourg approved the Base Prospectus for PKO Bank Hipoteczny’s International covered bond programme. The programme stipulates that covered bonds may be admitted to trading on the stock exchanges in Luxembourg and Warsaw.

See more information about international program of covered bonds.

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