Bank Pekao S.A. has completed a series of significant bond issues on both the domestic and European markets in recent weeks, including transactions meeting sustainable finance criteria. This confirms Pekao’s leading position in the corporate and institutional bond market. The combined value of seven transactions executed in June and July amounted to nearly PLN 20 billion equivalent.
The completed projects included transactions denominated in both Polish zloty and euro, as well as green bonds and sustainable bonds.
"The past few weeks have been exceptionally busy for our team. We have participated in a number of market-defining transactions covering our own bond issuances as well as those of energy, telecommunications, retail companies and public institutions. We aim to be the bank of first choice for issuers—not only locally, but above all for companies across Central and Eastern Europe. Market trends remain positive, and we are very pleased to see growing issuer activity alongside strong investor demand," said Piotr Wochniak, Director of the Financial Markets Department at Bank Pekao.
Among the transactions completed in recent weeks was Bank Pekao’s landmark EUR 11NC6 Tier 2 subordinated sustainable bond issuance. It was the longest-dated transaction of this type ever carried out by the bank and also the longest in the region, with a total nominal value of EUR 500 million and a maturity date in 2037.
At the same time, Bank Gospodarstwa Krajowego (BGK) completed one of the largest eurobond transactions in the region—a dual-tranche issue worth EUR 2 billion, in which Bank Pekao acted as a Joint Lead Manager.
Recently, Bank Pekao also served as a Joint Bookrunner for ORLEN S.A.’s seven-year euro-denominated green bond issuance worth EUR 750 million.
The bank additionally arranged MOL Group’s debut on the Polish debt market, during which the energy group issued five-year bonds with a nominal value of PLN 850 million.
Earlier, P4, the operator of the Play mobile network, returned to the Polish zloty bond market with a two-tranche issuance that included seven-year green bonds. The two transactions executed with Bank Pekao’s participation were worth a combined PLN 1.25 billion.
Bank Pekao also acted as the sole arranger of a bond issue for AB S.A., one of Europe’s largest IT distributors, raising PLN 110 million. The transaction attracted more than three times the demand of the offered amount and resulted in a significant tightening of the margin.
This intensive period began with Bank Pekao’s EUR 750 million Senior Non-Preferred 4NC3 bond issuance. The transaction achieved the lowest spread in the bank’s eurobond issuance history, underscoring investor confidence in Pekao’s financial strength and long-term development strategy.
Bank Pekao continues to strengthen its position as a leading banking partner for domestic and regional corporations. The bank remains committed to supporting clients in raising capital, expanding its capabilities in sustainable finance, and reinforcing its leadership in the debt capital markets.
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 356 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 2025 among 64 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 top dividend-paying company listed in Warsaw, with the highest dividend payout of over PLN 40 billion, since the Warsaw Stock Exchange was reestablished in 1991. Over the past 10 years, the bank has paid out to shareholders a total of over PLN 23 billion.
