ING Bank Slaski sells PLN 565 mln in variable rate 5Y bonds at 6M WIBOR + 90 bps

ING Bank Slaski will sell PLN 565 mln in 5Y unsecured bonds following recent book building, the bank said in a market filing. Variable rate bonds carry interest at 6M WIBOR plus 90 bps. Settlement is slated for December 6. ING Bank Slaski had said mid-year it would launch a PLN 5 bln bond program and more recently said it would test markets yet this year. The PLN 5 bln program will consist of multiple tranches of zloty-denominated paper with tenor up to 10Y. The papers can be zero-coupon or bear coupons with either fixed or floating rates, management said previously.

• Status
  redeemed
• Country of risk
  Poland
• Redemption (put/call option)
  *** (***)
• Amount
  565,000,000 PLN
• М/S&P/F
  — / — / —

• Full name
  ING Bank Slaski S.A.
• Registration country
  Poland
• Industry
  Banks