Bank Pekao supports the European Investment Bank (EIB) in its €1 billion issue of EARN (Euro Area Reference Note) bonds. The bonds mature on May 15, 2030, and carry an interest rate of 2.375%.
"The transaction is another proof of our bank's activity on the international debt capital market, as well as a confirmation of our long-term relationship with the EIB. Our ambition is to make euromarket transactions a permanent feature of Pekao's pipeline," comments Piotr Wochniak, director of the Financial Markets Department at Bank Pekao.
The European Investment Bank is a financial institution of the European Union. It is one of the largest multilateral financial institutions in the world. The EIB raises funds on capital markets and provides loans on preferential terms for projects supporting EU goals. Approximately 90% of its loans are granted within the EU.
Bank Pekao S.A., founded in 1929, is one of the largest financial institutions in the CEE region and the second largest universal bank in Poland, with assets of PLN 333 billion. The bank has the second largest branch network in the country. It is a leader in corporate banking, serving every second among largest corporates in Poland. Pekao holds a prominent position in the market for asset management, brokerage services, and private banking. The diversified business profile of Bank Pekao is supported by a market-leading balance sheet and risk profile, reflected in the lowest risk costs, strong capital ratios, and resilience to macroeconomic conditions (Pekao is the most resilient bank in Europe, taking first place in the stress tests conducted by the EBA in 2023 among 70 banks). Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and has been a member of several local indices (including WIG 20 and WIG) as well as international indices (including MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is among top dividend-paying companies listed in Warsaw, with a total shareholder pay-out of above PLN 20bn over the past 10 years.
