January 20, 2014 / 3:41 PM / 4 years ago

S&P assigns "A-" rating to PKO BP's eurobond

WARSAW, Jan 20 (Reuters) - Rating agency Standard and Poor’s assigned a “A-” rating to a eurobond of Poland’s largest bank PKO BP, the bank said in a statement.

PKO placed five-year bonds worth 500 million euros last week, with a spread of 115 basis points above mid-swaps and said it may issue more bonds in the future.

The aim of the placement was to diversify the bank’s funding sources. (Reporting by Anna Wlodarczak-Semczuk, writing by Karolina Slowikowska, editing by Louise Heavens)

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